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If I had to guess... the markets about to rip like a community college student at a house party just chimping out, for the next 9 months. Then the hangover will hit.
If they really do pause hikes due to this bank fiasco, then there really must be something systemically concerning. If that's the case we're probably fucked. They seemed to have inflation tamed to a point where there really could have been a soft landing (some stagflation) but if poor decision making by the banks leads to an unplanned pause, I bet inflation comes back. Imo it was originally caused by equalish parts QE, supply chain issues, and natural greed. The first two are basically gone, if markets keep pumping and jobs reports stay hot, companies won't lower prices even if they can. Shit will hit the fan eventually.
Barney Frank — the former congressman known for the Dodd-Frank Act, which overhauled US banking regulation to prevent another global financial crisis — said there was one thing lawmakers and regulators didn’t reckon with back in 2008: cryptocurrencies.