Soft Landings Are Hard: How Has the US Economy Achieved the Impossible?
Many Happy Returns
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Challenges and Complications in the US Economy
This chapter discusses the challenges and complications faced during what was supposed to be a soft landing for the US economy, including emerging market countries seeking assistance, tightening credit conditions, and a minor bank crisis. It also explores the similarities and differences between the current economic situation and the 1970s, as well as the challenges of predicting the future and the limitations of macroeconomic models.
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