This is John Batchelor, conversation with my colleague Elizabeth Peek of The Hill

a columnist of Fox News a columnist about the fabled soft landing. Liz explains

what's necessary, those of us called consumers need to continue to consume.

However, the doubts about soft landing,

evidence in the refusal of the inflation number to continue to decline as expected.

Is Elizabeth Vique soft lending not likely.

However, question mark what is ahead, the jobs market, inflation, the markets, the

election. Elizabeth Peake, more of this tonight.

Well, so that the argument for a soft landing is that the consumer continues to spend.

And you and I and many others have been watching like a hawk for indications that the

consumer is running out of gas.

And why would that happen?

Number one, because there was all this accumulated savings because of COVID relief payments and that those

payment and that that savings bubble is depleted. An awful lot of evidence is out there that in fact that bubble is depleted. It would also

come about because all of a sudden the jobs picture isn't quite as strong. Well

again there's indications that the job market is a little softer. The quits rate kind of

indicates that. There are other indicators that the job market is

softening so people become a little less

confident, consumer confidence has begun to trail down again so I would think

that we will see some pullback in consumer spending over the next three or four months.

I have to say it hasn't happened yet. All the current numbers are still very strong.

But when you see credit card debt piling up and the cost of that credit card

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