Notes on the Economy – Q4 2024 Summary
It looks like the economy is on approach for a soft landing, but wind shear could cause a hard landing or pilot error could force a go-around.
It looks like the economy is on approach for a soft landing, but wind shear could cause a hard landing or pilot error could force a go-around.
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A soft landing for the economy appears more likely, but it is too early to celebrate. A lot of recent data are sobering.
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Financial market participants now seem to believe inflation will be successfully suppressed without a recession. Well, maybe.
Economic growth is robust, the unemployment rate is at a 54-year low, the stock market is up over 15% year-to-date! What could possibly go wrong?
It would not take much to push the economy into a downturn serious enough to warrant a recession label.