Commentary
Op-Eds and articles by Robert Rubin on the U.S. economy, democracy, fiscal policy, poverty, criminal justice, decision-making, and other areas of public policy.
The ‘Soft Landing’ Could Easily Turn Hard
By Robert E. Rubin
I discussed the equity market outlook for 2024 with several fellow advisers to an investment fund a few weeks ago. They were optimistic about the prospects of the U.S. economy achieving a soft landing. Like many Wall Street economists I speak to, they based their view on a conventional analysis of a range of economic factors, from Federal Reserve policy to consumer spending. I think the outlook is more complicated.