MacroVoices #387 Jeff Snider: On Deflation and Soft Landing
Macro Voices
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The Fed's Soft Landing Narrative
Despite everything that should be highly negative to these bonds, and not just in the US, but all around the world, they really haven't done anything since last June. Jeff Kagan: We're pretty sure that we've got this supply shock case nailed down. As far as the Fed's concerned, we've got the Goldilocks scenario. That means an end to the rate hikes, but also at the same time, we won't have a recession. It'll be terrific. The stock market is seemingly on fire at the moment, because it's like the Goldilock scenario.
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