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Something Has to Break (EP.310)

Animal Spirits Podcast

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The Rise and Fall of the Labor Market

As long as people have a job, they're going to keep spending. This is why it always comes back to the labor market. The average 30 year mortgage news daily has a daily rate and it was above 7%, which is just insane. If inflation re-accelerates, where is it going to come from? I don't know. It's just consumers continuing to spend. Down that excess savings.

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