“This implies 1 more interesting thing,” Prince co-CIO of Bridgewater says. To get inflation down, you need unemployment -> cuts spending. How do you cut employment? Falling profits is what causes higher unemp -> profit decline of 20% is needed.
ft.com/content/e9d820… https://t.co/wPHNFGpFif
Chartbook: Indonesian modernism, sunflower stabilization, commercial real estate & talking fascism adamtooze.substack.com/p/indonesian-m…
March 25, 2023
Chartbook: Indonesian modernism, sunflower stabilization, commercial real estate & talking fascism adamtooze.substack.com/p/indonesian-m…