On today’s show we are talking about more signs of economic slowdown. Last week I made the assertion that we are already in economic contraction and further postulated that because we are in an inflationary environment, we are in fact experiencing a period of stagflation.
The signs of this phenomenon are mounting and on today’s show we are going to take a look at some of the company financial reports and guidance from the first quarter that clearly point to the thesis of a slowdown. We have publicly reported data combined with direct supply chain data that paints a picture that is dramatically different from the headlines of the past year.
When evaluating a thesis of any kind, you need to guard against what is called confirmation bias. This happens when you go looking for evidence to support your thesis. There is such a wealth of information, much of it contradictory, that you can usually find evidence to support your thesis if you look hard enough.
Host: Victor Menasce