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I don't know why this is getting downvoted. I have been arguing for years that they'd never get rates back to where they were pre-GFC as so much debt has been

I don't know why this is getting downvoted. I have been arguing for years that they'd never get rates back to where they were pre-GFC as so much debt has been taken on at low rates. Increasing rates to pre-GFC levels will have a massive impact on the ability of borrowers to service debt and push down asset prices. Now that they're trying to put rates back to pre-GFC levels we can see that playing out. If they choose to continue of this path it will lead to a significant recession.

nemo44x 4y ago
Thanks for the support. I think in general people are tired of doom and gloom predictions and analysis. Downvoting, even if you know it to be possibly right, feels good. I’m not trying to doom and gloom though. I’m just saying the Fed did not consider the time aspect of all the bonds/etc and have haphazardly raised rates too fast. If they slow it down it’s not such an issue since bonds respect time. It has been too much too fast. Erratic. Especially since just over a year ago they guided totally differently. So they need to cut. We need to deal with reasonable inflation for at least 4 more years and then we can aggressively hike rates if need be as the mountain of low interest bonds will be turning the corner.