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Month: August 2025


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  • Iron Capital Perspectives
  • August 6, 2025
  • Chuck Osborne

Context Matters

Last week we received a surprisingly high first estimate of second-quarter GDP growth of 3 percent, which some touted as proof positive of the wonderful impact of tariff policy. Then we received a very poor jobs report, which others touted as proof positive that government data is rigged and can’t be trusted. How does the economy grow at 3 percent, yet create so few jobs?