It Always Looks Like A Soft Landing

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In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss It Always Looks Like A Soft Landing. Here’s an excerpt from the episode:

Tobias: The other one I thought was fairly interesting. So, Michael Kantro, who’s the gentleman who came up with HOPE, H-O-P-E. Housing-Something-Something-Employment. [laughs]

Jake: Something, something [laughs]

Tobias: It’s new orders, profits, and employment. Aye. I’ve had it hammered into my head enough times. No need to send me another email. He says, “It always looks like a soft landing.” So, he’s got quotes from 2007, 2000, 1990. It always looks like a soft landing.

Jake: So, everyone at this juncture says soft landing is what–?

Tobias: Yeah.

Jake: Okay. So, we should not listen to soft landing calls then?

Tobias: The Fed’s going to engineer a soft landing.

Jake: Okay.

Tobias: Maybe they will. Maybe this time’s the charm. [crosstalk] It never happened before, but you never know.

Jake: I hope so. [crosstalk]

Tobias: Surely, they are going to– [crosstalk] ChatGPT says, “Yes.”

Jake: Yes, we finally got the AI developed enough to– [crosstalk]

Tobias: I’m sorry. I’m not able to comment on that.

Bill: What? ChatGPT?

Tobias: If you ask it enough questions and it’ll start giving you political answers– Politically correct answers.

Bill: Hmm, interesting.

Jake: That is odd, isn’t it?

Tobias: What’s tuned up in the backend? It’s trained on whatever it’s trained on and it says what it says.

Jake: Yes.

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