Inflation Tamed, A Government Recession & Haroon Wears Salmon

<p>The boys are finally back together again.&nbsp; Haroon has welcomed the birth of his second daughter and Saied is back from his family’s Hawaiian vacation.&nbsp; To start the show Chris, Saied and Haroon wanted to emphasize their thoughts and prayers are with the people of Maui who have been impacted by this tragic and devastating fire.&nbsp; After which, they jump in to Ray Dalio’s interesting recession perspective.&nbsp; Saied gives a complete rundown of July’s inflation numbers and Chris continues to declare that the JOLTs report is manipulated and can’t be trusted.&nbsp; Something interesting is happening in Minneapolis, home prices hit a record high in 60% of U.S. markets and credit card debt hits a record high at $1 trillion dollars.&nbsp; Then, despite Chris thinking that asking for reviews was a colossal waste of time, we got several new amazing honest five star reviews.&nbsp; This of course continues to prove that 50% of the time Chris is wrong, every time.&nbsp;</p><p><strong>Resources:</strong></p><p><a href="https://fortune.com/2023/08/03/ray-dalio-bridgewater-associates-fed-rate-hikes-have-less-impact-on-consumers/" rel="noopener noreferrer" target="_blank">Billionaire investor Ray Dalio says the Fed’s measures haven’t slowed consumers down, and the government is paying the price</a> (Fortune)</p><p><a href="https://www.cnbc.com/amp/2023/08/10/cpi-inflation-july-2023-.html" rel="noopener noreferrer" target="_blank">July CPI report shows inflation gauge rose 3.2%, less than expected</a> (CNBC)</p><p><a href="https://www.theguardian.com/business/2023/aug/04/us-economy-july-jobs-labor-market?CMP=oth_b-aplnews_d-1" rel="noopener noreferrer" target="_blank">US economy adds 187,000 July jobs in sign labor market is cooling</a> (The Guardian)</p><p><a href="https://www.bloomberg.com/news/features/2023-08-09/minneapolis-controls-us-inflation-with-affordable-housing-renting" rel="noopener noreferrer" target="_blank">First American City to Tame Inflation Owes Its Success to Affordable Housing</a> (Bloomberg