All-In with Chamath, Jason, Sacks & Friedberg
Markets turn Trump, Long rates spike, Election home stretch, Influencer mania, Saving Starbucks
J. Cal
So he's really kind of brought inflation under control. But the consequence of that is that the economy has now shrunk because the government is spending less. That means there's less revenue for certain businesses. There's less income for individuals. So they spend less. So the economy has shrunk by 1.7% in the last quarter and unemployment has spiked.
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