Is There a Global Recession?

If the rate of inflation proves to be much, much more vibrant and dynamic than it is now, central banks will have to use this incredibly blunt, blunt force. But when so many companies are leveraged, debted, right? If you do two things at once, you put up the price of capital,. You o pay the cost of of service in your loans, number one, and you reduce the demand for goods. What you'll actually do to companies as one, you'll reduce thei revenue out of which they pay their debt - but you'll also increase the amount of debt they have to pay. This will precipitate a global recession.