Good.
I hope over the next 3 years Jerome Powell and the Central Bank get this “cheap money orgy” out of the system.
It has to be done, so young people can afford real estate & families.
Incremental interest rate hikes will put tremendous pressure on real estate & stock market valuations. Both those sectors are full of bloated speculative fat.
The diet is coming.
“Lean, mean, and efficient is what both those sectors will become.”
Problem is if FED is to raise interest rates commensurate with CPI, lets say to 5% for 10 year Treasuries, the annual interest payment on $30 Trillion will be about $1.5 Trillion. We already running budget deficits. So cut spending? Print more money?
There is no easy solution! Time for easy remedies is long gone.