The Ten Year Economy: A Hard Landing

I myself think that we'll have a hard landing, especially now that we have the banks join in tightening credit it's not just the Fed. And so they combined a fourth of the two big players of the economy will drive it to a hard landing. Where the what we call our star or equilibrium interest rate would be permanently higher in the 10 year sector. So, and if we stop hiking, which it feels like, then we kind of kind of accepted at a higher inflation level.