The Fed is trying to engineer a soft landing, defeating inflation without driving the economy into recession. But it is facing just a few problems. What is the chance that the Fed will succeed?
Have you ever taken a train that’s heading in the wrong direction? If you have, you know what unfolds. First comes the confusion, the strange feeling that something is wrong, even if you can’t quite put a finger on it. Then comes the gradual realization that uh-oh, you’ve made a dreadful mistake. You’ve wound upContinue reading “Are We Headed to Zimbabwe?”