The Dangerous Myth of Soft Landing

The Dangerous Myth of Soft Landing
The Federal Reserve building in Washington. Samira Bouaou/The Epoch Times
Daniel Lacalle
Updated:
0:00
Commentary

If we search the news from 2007, we can find plenty of headlines with the International Monetary Fund and the Federal Reserve predicting a soft landing. No one seemed to worry about rising imbalances. The main reason is that market participants and economists like to believe that the central bank will manage the economy as if it were a car.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
Related Topics