Mr Kantrowitz's explanation for the similarity between the very different scenarios is that, at least in the early days, hard landings look a lot like soft ones.

坎特罗维茨先生对截然不同的情景之间的相似性的解释是，至少在早期， 硬着陆看起来很像软着陆。

As Michael Kantrowitz of Piper Sandler, an investment firm, has pointed out, investors often think a soft landing lies ahead as a Fed tightening cycle comes to an end.

正如投资公司 Piper Sandler 的迈克尔·坎特罗维茨 (Michael Kantrowitz) 所指出的那样，投资者通常认为随着美联储紧缩周期的结束，软着陆即将到来。