A Recession? In Taylor’s Economy? You Need to Calm Down
Consumers seem to have missed the doomsayers’ memo that we were headed for a hard landing.
A lavender haze indeed.
Source: Taylor Swift, Instagram
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Do we have a “boy who cried recession” problem on our hands? For two years, everyone from Dr. Doom to Elon Musk has been warning of an imminent recession, and yet the Nasdaq 100 is up by 23% this year — within spitting distance of a 52-week high. Jonathan Levin says it’s clear that the pessimists were premature. The surprising batch of optimism is causing people in the storied soft landing camp — once looked at with incredulity — to breathe easier.