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Somebody's gonna be wrong

The Compound and Friends

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The Market's Response to Earnings

Sally Kohn: People think that there's going to be this gradual moderation in a labor market. But she says 70% of employment is not at large companies and they're laying people off. She says the shock will happen on Main Street, where investors are putting pressure on businesses. Kohn: If 80% of employment was at small companies who get laid off, guess what? They stop spending 100%.

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