Barnaby Robson
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What Samuel Johnson said about second marriages is true about soft landings: they represent the triumph of hope over experience. There’s never been a time when inflation was above four, unemployment was below four, and the US economy didn’t go into recession before that situation was resolved

What Samuel Johnson said about second marriages is true about soft landings: they represent the triumph of hope over experience. There’s never been a time when inflation was above four, unemployment was below four, and the US economy didn’t go into recession before that situation was resolved.

Larry Summers Core note (source details unavailable)

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