Michael Hartnett: From soft landing to no landing at all!

Monday 30 January 2023

The excellent Michael Hartnett at BofA.

Heard on the Street: “Another 3-5% here will feel like bathing in lava if you’re a bear.

“The Price is Right: Dai-ichi Life (3rd largest Japan insurance corp) hiking wages 5%, first hike since 1995; after 30 deflationary years, Japan now land of the rising wage.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.