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Non-Tech : Kirk's Market Thoughts
COHR 191.04-2.5%Jan 16 9:30 AM EST

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To: Sun Tzu who wrote (14246)8/6/2022 1:28:42 AM
From: Kirk ©  Read Replies (2) of 27059
 
I haven't heard this theory discussed but this "recession" could be caused by not having enough skilled labor to do the jobs the economy needs to grow. Thus, mathematically we get negative GDP because the shortage of workers causes prices to rise faster than GDP. So, getting enough people back to work by whatever means, including letting their savings run out when they were paid more to stay home than work in the chicken and pork processing plants, could ease shortages, have prices fall AND allow GDP to grow to end the current recession.



THAT is how you have a recession despite adding jobs, we are so far in the hole with labor that it will take more going back to work to get GDP growing faster than inflation again.
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