Copy of Soft-landing...Ha!
The Economy:
Janet Yellen declared that our country is experiencing a Soft Landing. Chairman Jay Powell clearly stated, in his address for the FOMC last week, that we can NOT declare a Soft Landing.
Janet is in charge of the U.S. Treasury and Jay is in charge of Monitory Policy for the United States. Both very powerful people in control of money matters.
I study the economic indicators and all the data releases each week about the health of our Union. My thoughts are developed by reading and listening to three Economist regularly and pick up other thoughts from Business News.
I believe that we are skating on the sharp edge of a knife, economically speaking. We have inflationary pressures still viable to surge higher and require an increase in interest rates if the Federal Reserve makes a mistake on one side. On the other side, recessionary forces are more evident in the leading and lagging economic indicators. We are likely to enter a recession this year in my opinion.
The "Talk" by Wall Streeters sounds a great deal like the folly we heard in 2007, right before the Great Recession in 2008.
Buckle up Buttercup, this is the most difficult time for the Federal Reserve to land the economy. NO Chairman has ever achieved this type of balancing act well.
Source: X. CNBC, The Maverick of Wall Street, ARK Invest, Market Brief