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"2022: The Year Of The Rate Shock": The Fed's Policy Mistake Already Happened And Next Year Everyone Pays

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by Tyler Durden
Saturday, Oct 16, 2021 - 11:11 AM

For all those wondering if the Fed is about to make yet another policy mistake by hiking into a stagflation and/or recession (something which the collapse in the 5s30s curve suggests is coming)...

... BofA CIO Michael Every, who along with Morgan Stanley's Michael Wilson has emerged as the biggest bear on Wall Street, has a laconic answer: no... because the Fed already made the mistake.