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Interest Rates and Economic Shifts
This chapter examines the effects of rising interest rates on the job market and consumer behavior, noting how layoffs among temporary workers signal broader economic trends. It contrasts the current economic climate with the pre-recessionary period of 2006-2007 and discusses the role of government spending in buffering the impact of monetary tightening. The conversation highlights a significant shift in market perception, where negative economic news is now recognized as a troubling sign rather than an opportunity.