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Gangsta's Paradise
The Compound and Friends
The History of Soft Landing Optimism
Jean Smeallak is an amazing reporter and writer for the New York Times. She points out that it always feels this way right before you get rugged. In late 1989, an economic commentary newsletter from the Federal Reserve Bank of Cleveland asked how soft a landing would be. Within weeks or months of all three declarations, the economy had plunged into recession. The point of historical caution is relevant today when soft landing optimism is again surging.
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