Business Insider: The Economy Averting a Hard Landing is 'Laughable,' and Companies are About to See a Profit Recession, Economist Says
Article by Jennifer Sor in Business Insider
The US economy can't avoid a hard-landing recession, according to one top economist.
Stephanie Pomboy, who worked at ISI for a decade before starting research firm MacroMavens, is among economists who warned of structural problems in housing and credit markets ahead of the 2008 crisis.
She warned in a recent interview of a coming "double-dip" profit recession for US companies, which could cause earnings to nosedive and spark big problems for the economy.
Her view stems from the Federal Reserve's ......