all holding breath re: “soft landing”

Why “a landing”?

The Fed heard from critics all those years. It drove interest rates down to zero trying to stimulate the economy in the wake of the 2008 Great Financial Crisis. But critics warned that zero interest rates would lead to inflation. The Fed was embarrassed when that did, in fact, happen. The Fed is primarily supposed to be vigilant against inflation. So then they radically raised interest rates. And now the question is whether or not all the induced bubbles will pop. There must be asset deflation, but can they negotiate a soft landing?

https://www.oftwominds.com/blogaug23/hoarding-housing8-23.html

The Problem Isn’t a Housing Shortage, It’s the Concentration of Ownership by the Wealthy

This bubble is fundamentally an artifact of central bank and government policies that enriched the already-rich, who were incentivized to outbid each other with low-cost credit to snap up “investment properties” with their “surplus capital” … trying to generate more income and capital gains than cash, which until recently was “trash” due to near-zero savings yields.