What Does That Mean for Inflation?

The presumption that the fed could kindless sit in its hands, allow the economy to slow down and we would gradually see inflation falling has been completely reverse. You see the total reversal in expectations about what's going to happen to intrustrates. Now now people are pricing in a hundred bases points. That means that by halloween, american interest rates could be three %. Andnw, and what wold that mean? Well, what that means is that a huge amount of investment that was made during the period of zero interest rates will look incredibly, incredibly stupid. Right? Remember what john stuart mills said about the bust? The bust that has come in never really destroys your