RE:end is nearThat is probably correct. Since WWII, bull markets in PMs have been preceded by rising interest rates. It should be no different this time.
BTW, can not the Fed's focus on inflation be misplaced? Prices are rising, at least partly because of supply chain issues, plus wrongheaded government subsidies (like ethanol production and wind farms). Is it not a basic tenet from Econ 101 that more production leads to lower prices? If so, can raising interest rates be the proper course of action?
Our issues now are more related to goods not getting to market and government standing in the way of market-driven supply availability.
Because scarcity leads to higher prices, making money more costly will not improve supply/demand imbalances. It will only complicate it.
I'm not saying that the economy didn't need cooling on some level. I am just wondering if using the past tools is appropriate this time around?