Look how the Naz was brought softly from 5300 plus to around 1100 or so without causing any major economic dislocation, that is indeed "soft landing".
Suspect whether the economic dislocation is major or not, depends on where you look. I don't know what it's like in the various Silicon this and thats around the country (pockets of high tech), but in the grand daddy, Silicon Valley, the economic dislocation isn't major, it's devastating.
lurqer