>> Nobody is ready for that scenario because they think it's impossible.
Stagflation? Of course it's possible, that was the 1970's. The question is if the Fed is willing to do the unpopular thing needed to stop it. And then the follow-on is weather congress is willing to address the federal budget and pay down the debt (obviously not since they already missed the chance to do it before rates rise) painful as that will be.
As long as we're all fucked together (including rich people and wall street) I think we'll be OK in the end. It's the trying to play favorites that is probably causing the most damage.
Stagflation? Of course it's possible, that was the 1970's. The question is if the Fed is willing to do the unpopular thing needed to stop it. And then the follow-on is weather congress is willing to address the federal budget and pay down the debt (obviously not since they already missed the chance to do it before rates rise) painful as that will be.
As long as we're all fucked together (including rich people and wall street) I think we'll be OK in the end. It's the trying to play favorites that is probably causing the most damage.