Watch out, with rising interest rates and stubborn inflation, the economy is headed towards a “hard landing.” Or is it more like a “slow motion train wreck?” No, surely there’s something “mild” or even “garden variety” on the way—maybe a “rolling recession?” Confused? You’re not alone. Those are all predictions from billionaire investors, renowned economists, and the top minds on Wall Street given in the last year alone.
Nearly in unison, America’s business class has routinely predicted impending doom for the economy, only to later admit that their forecasts may have been a bit premature. And while most experts agree that risks of recession remain high, there’s an increasing number of reasons to be optimistic, from fading inflation and healthy consumer balance sheets to new evidence that small businesses are coping with the post-COVID world better than expected.
