Project Syndicate/Stephen S. Roach/4-25-2022
“In keeping with the perma-optimism deeply embedded in financial markets, the latest World Economic Outlook calls for a perfect soft landing in the $96 trillion global economy. There are at least three large reasons to be skeptical.”
USAGOLD note: Roach red flags the prospect of an inflationary recession and is highly skeptical that “an inflation-prone world, with still jaw-droppingly accommodative central banks, is somehow gliding gloriously toward a soft landing for the ages.”
