Will the Fed lighten their balance sheet, and/or raise rates despite known outcomes? I would have to guess at what their driving motivation is. Would they be intentionally inverting the yield curve, or are they really so oblivious to this historically confirmed outcome that it would be an unintentional result? I do not believe those in the Fed are completely stupid. I believe that their moves are deliberate and intentional (without truthfully admitting those intentions). Although, I also believe that they have grossly exagerated their perception of ability to control the monster they have birthed. Its a guessing game, and I'll guess that they will not. If I am wrong about this, and I am notified by "Mike" about it, I'll consider myself honored 😜