Why can’t we have a soft landing?
Powell has taken back his message of a soft landing and rightfully so. While we are not yet close to a recession there are signs that we are not that far away. Now the question should be, can we have a hard landing and get lower rates?
That is a major question on my mind and I am not sure that in the event of a hard landing, we could get lower rates right away.
In my previous post, I said “1-6 [speaking of conditions for lower rates] are not aligned with the stars even under cloudy skies. Making claims that low rates are just right around the corner is plausibly implausible in the short term”.
Check out below the signs of cracks in the economy that I am seeing and why we might not see lower rates immediately following the start of a recession.
The soft landing narrative is becoming more plausibly implausible!
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