Great thread. I talk about this same issue with @stephanlivera. One factor that's important is that fiscal constraints may prevent the Fed tightening much (the debt position is far greater today than in e.g. 1980). They may also need to quickly reverse.

Interesting thread. If this holds true, then the long party we have had in pvt / venture markets is now beginning to come to an end. The Fed's choking off easy money as inflation fears rise; that is the equivalent of the last call from the bar.

Highly recommend reading this thread if you’re an investor in stocks, crypto or most other assets.