CPI Is 4% to 5%, but It's Not Banks.

If CPI goes from 10 to 5%, trying to convince Americans that 2, 4, 5, 6 million unemployed is good for the economy becomes really difficult. The number of political constituencies that care about CPI going from 5 to 2% is basically just PhDs in economics and some denizens of the Fintuit community who go to sleep with gold bars or something. But nobody's going to care. If they cause a recession because they were trying to go from 4 to 2, like, you know, they're going to be tar and feathered medieval style. And by the way, in 6 months from now, I think they have a 6-month window to prove me wrong.

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