Lulu Garcia Navarro: The government might need to do more to cool things down. She says the tech-laos situation is a reminder that once the dam breaks, this can happen really fast. "Once we sort of reached some tipping point," she says, 'it suddenly looks like a layoff contagion"
The typical sales price of an existing family home in the United States in December: 372,700. The number of layoffs in the tech sector since the beginning of the year: 76,000. The number by which consumer spending fell in December: 0.2 percent. The increase in the cost of the same kind of carton of eggs bought by an editor on “The Daily” a year apart: 251 percent.
What do these numbers tell us about the state of the country’s economy?
Guest: Ben Casselman, an economics and business reporter for The New York Times.
Background reading:
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