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3min chapter
Why Everybody Is Wrong About a Recession and Housing’s Great Comeback
Plain English with Derek Thompson
Is There a Hard Landing or a Soft Landing?
The Yoyo economy is going through the next level of this Yoyo Economy as we figure out what actually gets us to the kind of balance that the Fed is looking for. It's almost like, in flipping it from hard landing versus soft landing, speaking about housing: We want a soft takeoff. Declining growth is certainly good from an inflation standpoint. Accelerating growth is probably the thing that can't tolerate. The acceleration that I think we've been getting this year is probably not the kind of thing that we can sustain or that the Fed would tolerate.
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