The whole economy is not popping. Only assets. Equity and crypto were both inflated and experiencing corrections. We're still hovering around 50/50 on likelihood of a real recession. Labor market is still incredibly tight. We could lose a million jobs in the US tomorrow and it would just alleviate upward pressure on wages. Equity will start to recover once inflation is tamped. Crypto, nobody knows. Could recover completely, could go to zero.
I think you're wrong. Fed seems determined to crush price inflation, but the inflation is largely driven by supply side issues, which they hold no control over. That means the only way to tamp inflation is by crushing demand into the ground, AKA causing a recession.
Soft landing talk was always talk, I think a recession is in the cards and they know it.
Ah, yes, "alleviate upward pressure on wages." What a nice way to say "give employers an excuse to continue refusing raises to employees so they can pocket higher profits at the expense of the entire working class."
The way we describe reality is indicative of, and somewhat shapes, our perception of it. Describing the likelihood that a long-overdue increase in real wages would be cut short by a recession as "alleviating upward pressure on wages"—with "alleviate" being a word with very strong connotations of referring to removing something negative—has a pretty clear implication of wanting that to happen.
I’m not parent but I think you’re reading too much into it. There is upward pressure and reducing that can be described as alleviating without any further connotation.
