{"id":39297,"date":"2022-12-04T22:30:50","date_gmt":"2022-12-04T22:30:50","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=39297"},"modified":"2022-12-04T23:02:05","modified_gmt":"2022-12-04T23:02:05","slug":"larry-summers-no-soft-landing","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/","title":{"rendered":"Larry Summers | More rate hikes, no soft landing"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"525\" height=\"296\" src=\"https:\/\/www.youtube.com\/embed\/CSswzkgtjIM?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<blockquote><p>&#8220;Inflation is going to be a little more sustained than what people are looking for. Also it&#8217;s much harder than people think to achieve a soft landing&#8230;&#8230;<\/p>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">I suspect they&#8217;re going to need more increases in interest rates than the market is now judging.<\/span>&#8220;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Inflation is going to be a little more sustained than what people are looking for. Also it&#8217;s much harder than people think to achieve a soft landing&#8230;&#8230; I suspect they&#8217;re going to need more increases in interest rates than the market is now judging.&#8220;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[46,13,34],"tags":[314,1352,1353,1828,5266,5721],"class_list":["post-39297","post","type-post","status-publish","format-standard","hentry","category-deficit-spending-employment","category-inflation-economy","category-us-canada-countries-regions","tag-average-hourly-earnings","tag-fed","tag-fed-funds-rate","tag-inflation","tag-interest-rate-hikes","tag-soft-landing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Larry Summers | More rate hikes, no soft landing - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Larry Summers | More rate hikes, no soft landing - the patient investor\" \/>\n<meta property=\"og:description\" content=\"&#8220;Inflation is going to be a little more sustained than what people are looking for. Also it&#8217;s much harder than people think to achieve a soft landing&#8230;&#8230; I suspect they&#8217;re going to need more increases in interest rates than the market is now judging.&#8220;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-04T22:30:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T23:02:05+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Larry Summers | More rate hikes, no soft landing\",\"datePublished\":\"2022-12-04T22:30:50+00:00\",\"dateModified\":\"2022-12-04T23:02:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/\"},\"wordCount\":56,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Average Hourly Earnings\",\"Fed\",\"Fed funds rate\",\"Inflation\",\"Interest rate Hikes\",\"Soft Landing\"],\"articleSection\":[\"Deficit Spending &amp; Employment\",\"Inflation\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/\",\"name\":\"Larry Summers | More rate hikes, no soft landing - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2022-12-04T22:30:50+00:00\",\"dateModified\":\"2022-12-04T23:02:05+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2022\/12\/04\/larry-summers-no-soft-landing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Larry Summers | More rate hikes, no soft landing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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The latest NY Fed survey of consumer expectations confirm\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Treasury Yields: 10-Year minus 3-Month","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-11-10y3m.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-11-10y3m.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-11-10y3m.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":33289,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/05\/23\/sp-500-and-fed-hawks-or-doves\/","url_meta":{"origin":39297,"position":2},"title":"S&#038;P 500 and Fed hawks or doves","author":"Colin Twiggs","date":"May 23, 2022","format":false,"excerpt":"The Fed is doing its best to talk the economy into a recession, in the hope that falling aggregate demand would shrink inflation. 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The stock market keeps climbing despite rising interest rates, raising hopes of a \"lucky escape\". The four most expensive words in the English\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-28-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-28-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-04-28-u3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":31607,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/03\/22\/yield-curve-gymnastics\/","url_meta":{"origin":39297,"position":4},"title":"The yield curve recession warning","author":"Colin Twiggs","date":"March 22, 2022","format":false,"excerpt":"A great deal has been written in the past month above the flat 10-year\/2-year Treasury yield curve and the inevitability of recession if the slope turns negative. Wolf Richter sums up the problem: The weight of the Fed\u2019s gargantuan balance sheet is pushing down on long-term yields that the Fed\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"US Treasury Yield Curve","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/us-yield-curve-2022-03-21.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":32463,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/05\/05\/fed-rate-hikes-strain-credibility\/","url_meta":{"origin":39297,"position":5},"title":"Fed rate hike but credibility strained","author":"Colin Twiggs","date":"May 5, 2022","format":false,"excerpt":"The Federal Reserve FOMC hiked their overnight target rate by 0.50% -- the biggest jump in 22 years -- to a range of 0.75% to 1.0%. Stocks reacted positively to Chairman Jerome Powell's statement that the Fed isn't considering raising rates by three-quarters of a percentage point, with the Dow\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Fed Funds Rate Target & CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-03-ffr-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-03-ffr-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-03-ffr-cpi.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-03-ffr-cpi.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/39297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=39297"}],"version-history":[{"count":3,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/39297\/revisions"}],"predecessor-version":[{"id":39299,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/39297\/revisions\/39299"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=39297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=39297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=39297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}