Investors have now gone “all in” on the soft landing narrative, just like they did in 1989, 2000 and 2007 . Soft Landing Optimism Is Everywhere. That’s Happened Before. https://t.co/k1CX8VVg76 by @jeannasmialek pic.twitter.com/5tmLjYW9oE — Jesse Felder (@jessefelder) July 27, 2023 Funny how they forget each time that “it’s all about the lags.” ‘During the tightening cycle, the economy typically expands at its fastest pace, as it feeds off the lagged effects of the prior period of policy accommodation. It slows down precipitously in the two years that follow the END of the […]
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