Powell’s ‘Soft Landing’ Is Almost Impossible.
I would like tentatively to share the commentary in the Epoch Times dated May 16, written by Dr. Daniel Lacalle, chief economist at hedge fund Tressis and author of “Freedom or Equality,” “Escape from the Central Bank Trap,” and “Life in the Financial Markets.”
After more than a decade of chained stimulus packages and extremely low rates, with trillions of dollars of monetary stimulus fuelling elevated asset valuations and incentivising an enormous leveraged bet on risk, the idea of a controlled explosion or a “soft landing” is impossible.
