TCW CEO Sees 'Medium-to-Hard Landing' for US Economy

The video discusses the current economic uncertainty, particularly in bond markets, and the likelihood of a recession. It highlights the inevitability of a recession, focusing on the timing and type of landing expected. The discussion includes an analysis of 15 years of economic expansion, the impact of COVID, and the role of M2 in understanding inflation trends. The speaker suggests a medium to hard landing is more likely than a soft one.

What was the initial belief about inflation during COVID, and how did it change?

What does the speaker imply about the likelihood of a soft landing in the economy?