It just gets curiouser and curiouser.
Will Powell act? He is definitely no Volker! About 1982, under Volker, 30 year rates hit 18%. What next: a long period of low rates with catastrophic inflation or ...
door #2 - Higher rates and a stagnant or falling market.
I may be wrong, but I suspect the FED doesn't want to hurt THE MONEYED CLASS unless they have to.
