You have your perspective, I have mine.
The "juice is still on" however....the Fed began a well laid out strategy back in '15... of raising rates...pretty consistent 2.5 gdp...good enough for some
. Anybody hitched to the past...your risks, your problem. Easy, cheap credit ain't the answer....we're ten years in....how long does it take your way? Caused the Fed has turned on a dime....now what...pass it on forever....
4T on the Fed's balance sheet? You think that should continue to unwind....I sure do.