The economic environment is ripe for naïve and misguided narratives. Taken at face value, the latest reports on jobs, consumer prices and retail sales suggest that the U.S. is in the grips of a jobless recovery and a stalling economy that is weighed down by worrisome inflationary pressures. This assessment on the economy is not only wrong; it is also risky as it could lead to self-fulfilling prophecies. For one, the weak employment report for April doesn’t mean the job recovery has stalled – it’s simply taking a break. May 2021 Economic and Financial Digest

Don’t Rule Out A Soft Landing
In real estate, they say that location is everything. In economics, timing is paramount. With prices rising at a pace not seen since the early