Oh Sh*t... This Just Happened
Eurodollar University
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Global Economy Slows Down and Deflation Becomes a Concern
This chapter discusses the downshifting of the broad economy and its impact on retail and tourism-based jobs. The speaker shares observations about decreased sales, bonus cuts, and job cuts in the retail sector. They also highlight changes in consumer behavior, such as less frequent store visits and more strategic shopping trips. The speaker connects these trends to tight financial conditions and suggests that previously dismissed signals of a soft landing and deflation are now becoming more evident.
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