Short case for a soft landing

While everyone frets about the latest jobs report, maybe there is a silver lining in those clouds…

There is considerable softening in housing demand (as well as abundant inventory) in developed countries, meaning both shrinking need for raw materials there and some additional demand decline as a result of diminished perception of wealth.

Could the world deflate it’s way out of a financial crisis? Don’t know, but at the minimum I’m having a harder time seeing a case for the continued price spirals we’ve become accustomed to.