That should read "Publicly stated consensus at the federal reserve, who massively screwed up by misreading inflation in the first place, is that peak annual inf

That should read "Publicly stated consensus at the federal reserve, who massively screwed up by misreading inflation in the first place, is that peak annual inflation is behind us." The bond market doesn't seem to believe it. The managing director of the IMF just publicly stated that the central banks screwed up and act like "8 year olds playing soccer" who don't anticipate the 2nd order effects of their actions. 20% of shipping is tied up in traffic jams. We're in a economic war with a major commodity producer. It is daft to believe inflation is peaking. Even if that assumption is right, we will end up with inflation well above the fed target rate, so instead of 8%(CP 'lie' bullshit inflation) we get 5% persistent inflation.