[linuxftw]

Many people predicted the situation we're in right now. What perplexed us all is that the ZIRP era lasted as long as it did without having the current effect.

We're heading for a consumer debt crisis. Outside of the tech bubble, average people are in a dire situation.

> What if the rate hikes keep coming fast and furious and the CPI keeps rising even faster?

Same thing that happened with the housing crisis in 2008. Consumers are going to default, and instead of the banks sharing the risk in the market they helped over inflate, Wall Street's going to get bailed out, because entering a deflationary environment is absolutely off the table.