The beautiful gimmick the Chicken Littles have going for them is they scream doom and gloom every day for 30 years so the one time it actually happens they claim “they saw it coming”.
No one every remembers how often they are wrong, only the rare occasions they get it right.
Life is dangerous. Life is risk. No one can immunize you from it. Anyone claiming they can is lying to you
Their main flaw (as is mine) is that they didn't realize how far down the road the politicians could kick the can.
This time, IMO, they kicked the can into a cul-de-sac.
Again, IMO, they have a Hobson's Choice: Keep inflating to prop up the economy, which will EVENTUALLY result in an inflationary depression or raise interest rates and IMMEDIATELY cause a market crash and depression.
My bet is on the former. No one in the Fed has the testicles of Paul Volker.