Fortune (May 6)
“Last year’s consensus was that the U.S. economy was headed for a recession, but that didn’t happen. This year’s consensus is that we’ll have a soft landing, in which the economy slows but won’t tip into a recession.” But contrarians like Andrew Hollenhorst, Citi’s chief U.S. economist, believe “a hard landing” is now imminent.
Tags: Citi, Consensus, Contrarians, Economist, Economy, Hard landing, Hollenhorst, Imminent, Recession, Slows, Soft landing, U.S.
Financial Times (October 30)
“As the world economy slows and even Germany’s economy shows signs of weakness…. Policymakers in Germany and elsewhere should promote public and private spending—investment, above all. Huge opportunities do seem to exist. Moreover, the chance to borrow at today’s ultra-low long-term interest rates is a blessing, not curse…. In today’s economy, it is the only prudent thing to do.”
Tags: Borrow, Economy, Germany, Investment, Opportunities, Policymakers, Private, Prudent, Public, Slows, Spending, Ultra-low rates. Interest, Weakness
