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2022 Merry Market Recap: Claus for concern

Many Happy Returns

CHAPTER

Are We Going to Get a Hard Landing in the US?

The question that everyone seems to be asking and has been asking for months now is, are we going to get a hard landing in the US? Powell's still saying that as soft landings possible, so inflation would come down, unemployment wouldn't spike too much. He says tech companies are kind of special. And those are the ones which are really visible in terms of layoffs. But if you look across the whole economy, it's a very different story. Very few people as a percentage of the labor force are employed in tech.

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