One other point - Just how does the Fed control the effects of the snarled supply chains and the virus on the economy. Tapering and rate increases will do nothing to fix these issues. Also, I've read that crude oil prices are expected to rise dramatically ($150/bbl) due to the lack of capital investment (due to emphasis on renewables and government penalties) by the oil companies and due to the shortage of labor (no future in being a Petroleum engineer with the future being in renewables). Supply will not keep up with demand.
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