Posted on 02/02/2024 4:00:17 AM PST by CFW
The last time the phrase “soft landing” was this popular on the internet was on the eve of the largest financial crisis the world has ever seen.
The idea behind an economic soft landing is that the central bank (for the United States, the Federal Reserve) is able to bring inflation from an overheated economy under control by increasing interest rates without producing a recession or a collapse of the financial markets. This is what markets desperately long for in early 2024 and are trying to manifest by simply repeating it as a mantra and believing in it hard enough.
The premise behind such a hope is the belief that the Federal Reserve will lower the fed funds target interest rate from its current upper limit of 5.5 percent. The futures markets are signaling multiple reductions of a total of 75 to 100 basis points over the next several months, bringing the target interest rate to 4.5 percent by mid-year.
The market believes this because it believes that the fight against inflation has been won. This is also a fantasy. Inflation remains stubbornly high and will persist so as long as the United States continues to deficit spend billions of dollars and tack on trillions of new debt each year to pay debt service costs and fund massive defense spending. In short, the Fed will not be able to reduce rates without restoking substantially higher inflation.
Finally, the U.S. economy isn’t performing nearly as well as the statistics coming out of the federal government would like us to believe. Indeed, the disappointing Jan. 31 Chicago Purchasing Managers Index results indicate that the economy is contracting.
(Excerpt) Read more at theepochtimes.com ...
paywall free link:
Fairy tales are named as such by people. They actually are old and ancient folklore created by dreams of people coming of age. Male and female fairy tales differ
Tgey follow a natural pattern that imitates life
Cinderella is obviously female. It follows a formula.
Male fairy tales are rough. -so are female tales actually. If you look at the way Cinderella went through som serious disappointment and abuse. She handles it with grace so we forget
A male fairy tale is the princess bride beauty and the beast the lion king.
Death defying
A lot of loss and violence
No one wants to be left holding the bag. Therefore its impossible to collectively get enough people to be bag holders for a slow crash.
When the music stops it will be sad to see how few people will have a place to rest their cash.
8:30 job numbers just dropped:
“The US economy added 353K jobs in January 2024, compared to an upwardly revised 333K in December, and way above market forecasts of 180K. Job gains occurred in professional and business services, health care, retail trade, and social assistance. Employment declined in the mining, quarrying, and oil and gas extraction industry. Employment in November and December were revised high and combined, job gains were 126K higher than previously reported. source: U.S. Bureau of Labor Statistics”
A fairytale that the MSM-Democrats can use to deflect blame when it happens.
It’s going to be Trump’s Fault®.
Yep. Watch the media reporting switch immediately should Trump be elected in November. Suddenly the economy will be in shambles and all reported BLS numbers will be “unexpectedly” the worst ever. I remember during Trump’s presidency when the economy was actually doing great. The media reported as if 1.5% inflation was unprecedented and simply horrible.
Zerohedge breaks down the jobs report here:
What is the timeline for the “adjusted’ numbers to QUIETLY come out???
“What is the timeline for the “adjusted’ numbers to QUIETLY come out???”
—
They do not report the revised numbers until the next reporting date. If it is a monthly report, then next month when they release the new numbers, at the same time they will released the revised numbers for this month.
Here is a good article from Zerohedge explaining the ridiculous jobs report.
https://www.zerohedge.com/economics/inside-most-ridiculous-jobs-report-recent-history
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