I'm not surprised. I wonder how many folks really buy into FEDs argument that this is temporary, that's why they won't change the unmaintainable interest rates

I'm not surprised. I wonder how many folks really buy into FEDs argument that this is temporary, that's why they won't change the unmaintainable interest rates the US has been keeping artificially low. We'll have another year to come, of even higher inflation and some people will still be talking about "supply chain" problems created 2 years ago. Just watch. I'd take any bet I can afford about this. FED knows that if it hikes up 0.5% interest rates a few times, markets will melt, unemployment to 40%+ and a big civil war will happen. Except a few US companies that can really make money without much debt(like tech companies), almost all of the rest are walking zombies. So many suburban cities in America are 100% bankrupt being kept alive by policies which should be temporary, such as this Biden's infrastructure package. You can hide some dust under the carpet only up to a certain point. Citizens let politicians do it until it's out of control. I don't believe it's a mistake solely done by politicians and the FED, but rather, the average american citizen consuming and owning shit to a unmaintainable degree.