this post was submitted on 29 Jul 2024
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When you say "the market" are you talking about the stock market or the labor market?
Both. Unemployment is a rising a bit, but it's still well under control - actually lower than it has been for most of the past decade. The stock market, and all the other markets that determine if we have nice stuff are just peachy.
I can't say for certain how good of a job the central bank did, since it's one of those fields you don't notice until it breaks, but they definitely didn't fail, despite everyone's expectations after the pandemic. A soft landing was considered a bit of a longshot and that's what we had.