The Pomp Letter
The Pomp Letter
The Fed Wants A Soft Landing But Debt Is Piling Up
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The Fed Wants A Soft Landing But Debt Is Piling Up

To investors,

Aaron Back has a great piece in the Wall Street Journal titled The Fed Aims to Repeat Greenspan’s 1990s Masterpiece. He writes:

“The Federal Reserve famously guided the economy to a soft landing in 1995, paving the way for the economic boom that followed. Can it do so again? With Wednesday’s sizable rate cut, it is off to a good start. 

In 19…

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