For a long time, it’s been a running joke: Ask me if the economy is heading for a recession and I would tell you it’s six months away.
Always six months. Whether the indicators were surging inflation, rising interest rates or whatever, things were fine now, but don’t be so certain about six months from now.
Six months later, the answer would be the same.
But now … well, I just don’t know any more. Things look sunny as far as the eye can see.
CNN , Bloomberg , the Financial Times , the Capital Brief and even Harvard Law Today and more have all published stories in the last few days with variations on a headline that says the Federal Reserve may have managed the elusive soft landing — wiping out inflation without destroying the economy.
Except, you don’t seem to be buying it.
The latest Deseret News/Hinckley Institute of Politics poll , conducted by HarrisX, found 71% of Utahns believe the U.S. economy is on the wrong track. Also, 48% said their own personal financial situation was getting worse, with just 19% saying it was getting better.