Eurodollar University If This is Right, Unemployment is About to SKYROCKET
Aug 20, 2024
The discussion dives into the alarming decline in US consumer confidence, suggesting it signals a looming economic downturn. Experts argue that ignoring this trend as a mere 'vibe-cession' overlooks the mathematical and historical evidence. The episode critiques traditional economic indicators while stressing the vital role of public sentiment in forecasting unemployment rates. As consumer confidence plummets, predictions of skyrocketing unemployment emerge, challenging conventional wisdom about the health of the economy.
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