4min chapter

The Compound and Friends cover image

The Year of the Rug Pull

The Compound and Friends

CHAPTER

Can We Have Recession Next Year?

The Fed was never going to target the S&P, but what they're targeting is unemployment. We just regained every single lost COVID job at the same time. I think stimulus is the missing piece of the puzzle,. Like why isn't the data turning? This is the COVID job. It's very tough to understand. And then we have retailers coming out and saying that things are dire, the inflation is killing the customers. So it's been a very confusing time as far as trying to pinpoint.

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