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Unusual Whales Pod #9: CPI, Macro, the Federal Reserve, and Inflation

Unusual Whales

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The New Economic Picture and the Idea of Recession

Since the start of this year, we've had no real growth or negative real growth for the first two quarters. It's very rare to see declines in output alongside rises in employment historically. In Q3, we also saw pretty massive growth in non-farm payrolls and employment levels. So it's a very, very weird picture to say the least.

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