Rate HikeDebt while its astronomical, is secondary to inflation. The thing is, inflation is the
poster child of debt. So the author of both conditions is gov't. They are both the
cause and effect. What they need is lower oil prices. To achieve that, demand
must be eased. A recession might provide that but at the cost of some bankruptcies and higher unemployment. That would be hard landing IMO.
A soft landing which is more preferable is a drop in oil price by increasing supply
without having to crank up interest rates. Biden adm is desperately trying to do this
with their SPR release and other measures. I don't know if they will succeed. I'm
going with a hard landing but with stubborn inflation. Supply issues will not be solved
by higher int rates and oil demand will remain strong. End result.......Stagflation.