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Epsilon Theory on Tape: The Icarus Moment

Epsilon Theory Podcast

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The Goldilock's Narrative of a Containing Wage Growth Number

The average work week in february 20, eighteenh was randomly estimated as being six minutes longer than it was a year ago. And any month to month deviation from the mean is almost certainly a spurious statistical estimation. The entire goldilock's narrative of a contained wage inflation number combined with strong job growth, is based on a statistically spurious result. Everything, it's all made up. None of it is real.

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