To summarize the article: Some people benefit, and some don't. To editorialize: This is how all economic exchange works, and any talk of "the economy" being "g

To summarize the article: Some people benefit, and some don't. To editorialize: This is how all economic exchange works, and any talk of "the economy" being "good" or "bad" is mystification. The powers that be are cranking up rates hoping but not really expecting to avoid a recession. In their view, a recession (i.e. more pain for working people) is acceptable collateral damage when weighed against the risk of continued labor inflation (i.e. more pain for asset owners). Not everything is some technocratic spreadsheet puzzle to be balanced. There are winners and losers.