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29min chapter
Not Backing Down On Recession Call | David Rosenberg on Wealth Effect, Uncle Sam, and Stock Market Price Bubble
Monetary Matters with Jack Farley
The Disconnect: GDP Growth vs. Economic Reality
This chapter examines the paradox of strong GDP growth amidst underlying economic weaknesses, such as declining housing activity and retail sales. It explores how government spending masks the real economic situation, particularly affecting consumer behavior and spending patterns among different income groups. Additionally, it discusses the implications of monetary policy and historical economic cycles, raising questions about the reliability of official data amidst a potentially looming recession.
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