Janet Yellen Declares Economy Has Achieved ‘Soft Landing’ – Which Really Means Top 1% Get Richer And You Inherit The Crunch

To start the new year off, U.S. Treasurer and former Federal Reserve Chair Janet Yellen declared that the American economy had finally achieved a “soft landing” – defined as “a cyclical slowdown in economic growth that avoids recession,” and “may also refer to a gradual, relatively painless slowdown in a particular industry or economic sector.”