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- Real gross domestic product grew at an annualized rate of 2.4% in Q2, ahead of expectations.
- Unemployment stands at 3.6% nationally, and is touching record lows in many states.
- Wages are now growing quicker than inflation. The economy suddenly looks pretty rosy.
Let's do a thought experiment together. First, forget everything you've experienced and heard about the economy over the past few years. I mean everything. I'm talking about the snarled supply chain, the inflation, the quiet quitting. I need your mind to be a blank sheet of paper.
Now consider the following datapoints: