Considering everything occurring, I expect long and deep.
Too much easy money for far too long.
We gave an alcoholic a 750 of Jack everyday since 2008…
Withdrawal is painful and dangerous.
I tend to agree with you on that as well. The causes of inflation are unlike those we've faced in the past so historical methods of combating it, interest rate increases, may not be effective. One tool used to combat past recessions is to decrease employment, but we're in an abnormally tight job market currently. In many ways the Fed is winging it so add in a learning curve and a longer recession makes sense. Depth remains to be seen but I would think it would be deep rather than shallow.