{"id":64643,"date":"2023-01-06T12:48:04","date_gmt":"2023-01-06T17:48:04","guid":{"rendered":"https:\/\/olduvai.ca\/?p=64643"},"modified":"2023-01-06T12:48:04","modified_gmt":"2023-01-06T17:48:04","slug":"are-you-prepared-for-a-hard-landing","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=64643","title":{"rendered":"Are You Prepared for a Hard Landing?"},"content":{"rendered":"

Are You Prepared for a Hard Landing?<\/a><\/h3>\n
\n

\"\"<\/a>The New Year brings both optimism and hope.\u00a0 A chance to start fresh.\u00a0 To turn over a new leaf.<\/p>\n

The sentiment is welcome.\u00a0 The outcome, however, can be a grave disappointment.<\/p>\n

If you recall, 2022 was supposed to be a year of redemption and prosperity.\u00a0 After the ugly coronavirus fiasco, the economy was finally reopening.\u00a0 The general belief was that the resurgence of economic activity was going to bring a new boom and a new cycle of prosperity.<\/p>\n

But then something unexpected happened.\u00a0 On the first day of market trading, January 3, 2022, the S&P 500 hit a closing peak of 4,796.\u00a0 Yesterday, just over a year later, the S&P 500 closed at 3,808.\u00a0 Down over 20 percent.<\/p>\n

Over this duration, the yield on the 10-Year Treasury note spiked from 1.66 percent to 3.70 percent.\u00a0 In other words, Uncle Sam\u2019s borrowing costs have more than doubled.<\/p>\n

At the same time, transitory inflation proved to be enduring.\u00a0 And gross domestic product (GDP) went negative for the first two quarters of 2022.<\/span><\/p>\n

What happened?<\/p>\n

The calendar year may have started anew.\u00a0 But past actions remained.\u00a0 And there was plenty of wreckage from the past to be reconciled.<\/p>\n

Much of this wreckage was created by the central planners at the U.S. Treasury Department and the Federal Reserve.\u00a0 Decades of money printing are not without consequences.\u00a0 And, unfortunately, the consequences dramatically impact your life and your livelihood.<\/p>\n

The wreckage doesn\u2019t magically disappear when the calendar hits January 1.\u00a0 Rather, it piles up from one year to the next like rotting refuse at a municipal landfill.<\/p>\n

How will the central planners manipulate your livelihood in 2023?\u00a0 How will Federal Reserve monetary policy influence your job, investments, and discretionary income?<\/p>\n

Here we scratch for answers\u2026<\/p>\n

Foolish Ideas<\/strong><\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Are You Prepared for a Hard Landing? The New Year brings both optimism and hope.\u00a0 A chance to start fresh.\u00a0 To turn over a new leaf. The sentiment is welcome.\u00a0 The outcome, however, can be a grave disappointment. If you recall, 2022 was supposed to be a year of redemption and prosperity.\u00a0 After the ugly […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[12043,2353,11763,538,13351],"class_list":["post-64643","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economic-prism","tag-hard-landing","tag-mn-gordon","tag-money-printing","tag-price-inflation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64643"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64643\/revisions"}],"predecessor-version":[{"id":64644,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64643\/revisions\/64644"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}