Goldman, JPMorgan Pull The Alarm: As Yields Soar "Risks Are Growing Of A Sharp, Impulsive, Negative Feedback Loop... There Will Be A Financial Accident"

One of the core, recurring themes on this website is the certainty of death, taxes and Fed tightening cycles ending in tears, or as BofA's Michael Hartnett put is about a year ago, "Fed hiking cycles always end with default & bankruptcy of extended governments, corporations, banks, investors."

How two banks spin the same event, Goldman vs BofA:

"Historically recession have often occurred shortly after the Fed stops tightening" - GS

"Fed hiking cycles always end with default & bankruptcy of extended governments, corporations, banks, investors." - BofA pic.twitter.com/GjxVLPAznc

— zerohedge (@zerohedge) April 18, 2022

Of course, contrary to some whimsical fancy, this time "won't be different", and there won't be some mythical "soft landing," instead the only question is just how bad will it get, and what will cause it.