>>20649476>>20649478Significant systemic damage. Banks collapsing and a credit crisis the reason the market keeps going up with rates is because high rates and no damage implies that the economy is unironically healthy as fuck and can withstand higher rates.
The REAL reason is the way they calculate inflation means current rates are FAR too low but the Emperor has no clothes and no one will say it. Regardless the Ball must continue because 99% of the world is HYPER dependent on US Consumer spending and US GIBs. Meaning if the US actually collapsed every 2nd and 3rd world shithole would break out into widespread unrest that would spill over into real Countries causing more unrest and there would be no Uncle Sam with his big stick to restore order.
So we all just have to keep dancing to the beat.
