Tom Keene

Scenario where they're raising interest and folks I really want to say if Jeffrey Rosenberg here with Stephanie Roth is important because they both carry Their day-to-day work with a lot of humility where in your head is the unemployment rate where everyone involved goes?

Oops, it's not 4.6 4.7 or that is there a Stephanie Roth unemployment rate where the dialogue radically changes if we get that I

Is that 5% now the same as it was a 5% 10 or 30 years ago?

I don't think it is.

In what way?

Describe to our audiences here worldwide why a 5% all-American unemployment rate now was 7% unemployment rate back when.

John, you live this in Coventry with the auto business in the United Kingdom.

I just watched the destruction of Eastman Kodak yesterday.

Great YouTube video.

It was like walking through my childhood.

But that world is gone when it was a 7% unemployment.

And now we're walking around happy with a 5% number.

Jeff Rosenberg, let me ask you a Stephanie Roth question.

I think it fits in here fine.

And that is, if you look at the labor upset that's out there, John and I are overwhelmed every day with emails talking about fancy people at BlackRock and Wolf Research, talking about AI this, AI that.

When does the central bank just have to address with these two Americas?

When do they address two Americas?

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