Quote:
Originally Posted by DAVES
It has perhaps become a national obsession with complaining. Things are not that bad.
We read about Ukraine. Imagine living wondering when troops will come through or cannons and or missals? Our CPI consumer price index hit 9.1% an it is now 8.2%. I read that in England it is 10%.
Far as, "happy pills," WE are the cause. People choose to take them.
Terms-a soft landing. What does it mean? Perhaps like my post. It could be worse.
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Soft landing means reducing inflation without going into a recession. Increasing interest rates decreases borrowing and thus spending which in turn reduces inflation. Less spending leads to layoffs which decreases spending more and in return lowers inflation but put us in a recession. It is not a U.S. only phenomenon but world wide and worse for most of the world.