Normal
Should the FED have to start hiking interest rates again due to spiking inflation, I predict the US will end up defaulting on its debt for the first time in history, I see that happening if the Americans end up with stagflation, like what happening during the 1970's. In June 1981, Paul Volcker(Fed chair) had to raise interest rates to 20% to get stagflation back under control. If that happened again, it would be armageddon without the nukes for the Stockmarket and the ecomony.
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