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re: Soft landing: Did the Fed really somehow achieve the impossible?
Posted on 12/17/23 at 10:17 am to slackster
Posted on 12/17/23 at 10:17 am to slackster
Slackster
Yes. Cheap good while companies profit margins aren't exploding is best for the 95% of Americans who aren't millionaires on boards or able to take advantage of stock market wildness.
Balance between cost of goods and wages is critical. Cost of goods doubling when wages haven't gone up but maybe 15% over the same time period is bad for everyone but the super rich.
Yes. Cheap good while companies profit margins aren't exploding is best for the 95% of Americans who aren't millionaires on boards or able to take advantage of stock market wildness.
Balance between cost of goods and wages is critical. Cost of goods doubling when wages haven't gone up but maybe 15% over the same time period is bad for everyone but the super rich.
1
Posted on 12/17/23 at 12:04 pm to jimjackandjose
quote:
Yes. Cheap good while companies profit margins aren't exploding is best for the 95% of Americans who aren't millionaires on boards or able to take advantage of stock market wildness. Balance between cost of goods and wages is critical. Cost of goods doubling when wages haven't gone up but maybe 15% over the same time period is bad for everyone but the super rich.
But there is a difference between chips going up slowly - as we all wish they would have - and chips falling meaningfully from current prices. The latter probably means very bad things.
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