> This is a bizarre conclusion given dramatic and relentless reductions in US rates It's based on past scenarios that have little to do with the current scenar

> This is a bizarre conclusion given dramatic and relentless reductions in US rates It's based on past scenarios that have little to do with the current scenario. A common mistake even among economists. X thing happened in the 1960s or 1970s, therefore it will happen now. Their dogma is the same reason they are nearly all baffled by the lack of wage growth, productivity increases, dynamism, etc. in the economy. There is no scenario where the US experiences rampant inflation (traditional consumer inflation) and soaring interest rates. The only guaranteed bet in fact, is on low interest rates 'forever' (or until default). $35 trillion in debt * 3% = hahaha, very funny, stop kidding around! Take the Japan scenario to the bank. The Fed is going to do everything in its power to pursue that route, as it's the only one left (short of the miracle of spending cuts with tax increases and spending locked to ~1% annual growth).