The way I see it is that the DOW and other parasitic indices are falling because WAGES are finally rising proportionately to their influence on the economy.
Yes, capital is vital, but rising stock prices while artificially suppressing the wages of the productive WILL eventually bite you. We have arrived at that point, and the correction is beginning.
Sorry about the poor grammar, I’m having a rough night...
YES, but FFR is up b/c of fed BS risk *now* of inflation. They are forcing an inverted yield curve.