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America’s Most Important Economic Storyteller Is Confused
So the next time you encounter economic data, pay close attention to exactly what is being measured. Because we’re currently in the ‘choose-your-own adventure’ phase of our ‘silent’ recession: you can choose to reckon with the reality that a majority of Americans are struggling economically or you can cling to the truth that billionaires and
... See moreJustin Brown • America's 'Silent' Recession: When Widespread Economic Suffering Goes Unheard
Will we update our scripts and stories about how the world actually works? Or is this a conversation that people just don’t want to have? Is it easier to pretend that everyone can make it?
I don’t have good answers to these questions, but I sense the disconnect between what people believe at a societal level and the market finding reality of an
... See morePaul Millerd • The Individualism Myth | #241
The "Old Economy" (The Bust): Reality: Outside of AI, traditional cyclical industries are contracting. Investment in industrial equipment, residential housing, and non-residential construction is falling. The Divergence: If you strip out the AI spend, the "real" business cycle looks like a recession. High interest rates are successfully crushing
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