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and is a soft landing for the u.s. economy still possible, or are we heading toward a recession? let s ask the chairman and ceo of baird company. jason, nice of you here. lots of turmoil in the financial markets. i wonder what you think they re telling us. is this just the end of easy money with higher rates adjustment and the adjustment to that, or is it something deeper in the economy? i think it primarily is an end to easy money, and the fact really is that the fed has obscured what the rate in the markets has been for 13 year. so there s an adjustment period right now. i think most of the decline in stocks thus far has been associated with higher interest rates and an acknowledgment the that inflation is a little bit more structural. what you haven t seen yet and which is somewhat concerning for us is that you haven t seen earnings expectations for, for many companies come down yet. and so right now it would be hard to say that the market is telling you there s ....
And is a soft landing for the u.s. economy still possible, or are we heading toward a recession? let s ask the chairman and ceo of baird company. jason, nice of you here. lots of turmoil in the financial markets. i wonder what you think they re telling us. is this just the end of easy money with higher rates adjustment and the adjustment to that, or is it something deeper in the economy? i think it primarily is an end to easy money, and the fact really is that the fed has obscured what the rate in the markets has been for 13 year. so there s an adjustment period right now. i think most of the decline in stocks thus far has been associated with higher interest rates and an acknowledgment the that inflation is a little bit more structural. what you haven t seen yet and which is somewhat concerning for us is that you haven t seen earnings expectations for, for ....