> @paulg himself started this run No the fed started it by raising rates with the explicit goal of triggering a hiring freeze to chill the economy and reduce i

> @paulg himself started this run No the fed started it by raising rates with the explicit goal of triggering a hiring freeze to chill the economy and reduce inflation: https://finance.yahoo.com/news/why-the-fed-wants-corporate-america-to-have-a-hiring-freeze-morning-brief-100055174.html https://finance.yahoo.com/news/why-the-fed-wants-corporate-a... Everything else is just a consequence of the fed deploying its one big lever.