Patrick Perret-Green: China Will Export Deflation, The U.S. Labor Market Is Softening (For Real This Time)
Forward Guidance
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Fading Fiscal Stimulus and Economic Challenges Ahead
The chapter delves into the diminishing impact of fiscal stimulus in the US economy, shedding light on the repercussions on the labor market, consumer finances, delinquencies, and lending trends. Observations show a shift towards low-paying jobs, reduced consumer borrowing despite rising confidence, and concerns about the quality of labour market leading to economic strains and potential challenges ahead.
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