RE:If you want a good understanding....Think about Plate Tectonics....it moves slowly but it's unstoppable and then you have a 9.0 earthquake.
For the last 20 years the world has been in a "refinancing" paradigm. Rates fell to zero..everyone refinanced, took out cash, leveraged up....
Now we are in an inflationary higher rate environment where 100 TRILLION in debt will all get rolled over at ever higher rates.
A 1% move up in rates requires $10 TRILLION in new money creation to service it
If they print it then we have hyperinflation...if they don't then we face massive defaults
It will go on for years
Stagflation....the worst of all possible outcomes
This has been in the making for decades and now it's impossible to manipulate your way out of it. Death by fire or death by ice....either will suffice