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by tiborsaas
2476 days ago
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Interesting and makes sense for someone someone like me who's a dummy for macroeconomics. Unemployed people can't afford to spend too much, thus businesses revenue decreases, they lay off more people and it becomes a negative feedback loop. I've also seen this VOX documentary about the "yield curve" which also famous for predicting recessions. https://www.youtube.com/watch?v=xiiHjrewXNI |
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