This week saw two key pieces of economic data: the lowest number of jobless claims since September 1969 and the highest inflation since June 1982.
Jared Bernstein, longtime economic aide to President Biden, was keen to drop some trivia on the more flattering number, noting “‘Honky Tonk Woman’ by the Rolling Stones was topping the charts” the last time jobless claims were this low.
What was left unmentioned was that “Ebony and Ivory” was the most popular song the last time inflation…
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