MacroVoices #387 Jeff Snider: On Deflation and Soft Landing
Macro Voices
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The Market's Soft Landing Story
Jeff Johnson: The idea of a soft landing without rate hikes, no recession, is tremendously alluring up until that unemployment rate number changes or the payroll report becomes negative. He says employment numbers are what everybody bases their narrative on and once they turn, that's going to be the trap moment. Johnson: Some of the macroeconomic weakness we've seen so far hasn't really made a dent. Stocks don't care about any of those things.
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