Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Trump administration may have hoped that a government shutdown could create its own version of “if a tree falls in the forest but no one is there to hear it, does it make a sound?”. While a work stoppage could eliminate official economic reports, it could not prevent negative economic reports from surfacing. Private data has confirmed a further weakening in employment.
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