Something Has Shifted in How People Are Talking About the Economy
A glimmer of light!
Visitors take a selfie photograph while the sun rises, seen from the Shibuya Sky observation deck at the Shibuya Scramble Square building in Tokyo, Japan, on Sunday, Jan. 1, 2023.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
What’s that? A glimmer of hope about the economy?
For some reason, over the last several days an increasing number of prominent voices have expressed optimism that the US can avoid a recession and pull off the proverbial “soft landing.” Maybe inflation can actually come down without a substantial increase in the unemployment rate.