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 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:
— zerohedge (@zerohedge) April 18, 2022
"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
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.
