Soft landing

you often hear a lot in the media about recession and if it is coming and when. and my experience with the economic cycles I would have to say that this one may be a bit overblown and will result in a soft landing. if you look at your local gas station as an indicator and also natural gas prices both are starting to come in because of something called demand destruction. what has happened because of excessive prices being on a trajectory it is now starting to dominate kitchen table conversations across the country and will result and families and individuals making conscious decisions about cutting back on transportation cost and possibly utility cost by being more stringent and discipline about the use of each. there could be job loss in certain areas. but overall I see areas where there will be growth because it will result in job growth in areas that have been deeply depressed and will require more people to staff such as education and I think that as a result of this the unemployment number will continue to come down.
if you go back in reference my post around the end of May head raise the point that there would be indeed a .75% basis point increase in the Federal reserve lending rate and it happened. I'm going to make another prediction there will be another similar interest rate increase coming up at one of the next two fed meetings. I think the FED is going to be very aggressive and try to get out in front of inflation and another besidable increase to engineer a soft economic landing and avoid a deep recession.