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The Consumer Squeeze: Unpacking Inflation, AI Job Cuts, and a Widening Economic Divide
Inflation, AI, and the Great Consumer Squeeze
The market day started with a clear narrative from Phil's morning post: inflation and a consumer class on the brink. The core thesis, brilliantly summed up by Phil himself, was that the Investing Class is "a bit oblivious" to the economic depression faced by the bottom 80%, whose buying power is "deflat[ing] away with the Dollar."
The post highlighted a series of alarming indicators: a plunging Consumer Sentiment index, AI-driven job displacement, and rising credit card debt, exacerbated by the Trump administration's reversal of consumer…
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