Apparently they know the unemployment rate will never get that low (at least, before the final collapse), even with messing with the numbers, so they had to come up with some way to start raising rates anyway.
Man, we are in for a seriously bumpy ride. As it has been for the last 8 years, it’s going to continue to just get worse, but the exponential nature of it is going to start being noticed by more people.
Cake is never free.
5 years without a downturn, supported by a punchbowl of easy money. When good things stop, they stop quickly. Whenever we turn down, it will be ugly.