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Neil Dutta and Conor Sen on the Chances of a US Soft Landing
Odd Lots
Is the Hard Data Really Telling the Whole Picture?
The data is sometimes, I don't want to say it lies, but it's sort of not really telling the whole picture because of lags between various factors. We might have a labor market with 3.5% unemployment, good balance sheets, and a lot of consumers and businesses that have been hunkered down waiting for a small amount of money. And then they're ready to hit the go switch again. That could be very boomflationary on the other side of this if we don't figure out where policy should be and sort things out on that side.
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