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Is the Fed Really Going to Keep Hiring Rates?
I don't think they're Machiavellian in we're going to break something. What they're trying to do is slow the business cycle down because that's how you get rid of inflation. Now it's coming out that obviously the Fed kind of knew that the regional banks weren't great. We also know there's a number of things that can be a problem when you've got a globally indebted situation like we've got today.