It's way worse than the 1970's. We've had over a decade of almost 0% interest rates with like 4 rounds of QE. The last one expanded the money supply by something like 25%. Government debt, personal debts, are through the roof. Almost every sector of the economy is in some sort of bubble, and higher rates will pop these bubbles. My guess is the fed will attempt to raise rates, until the shit hits the fan, no doubt they will blame Russia or some other such bullshit. Then they will be back to 0% and money printing.
It's way worse than the 1970's. We've had over a decade of almost 0% interest rates with like 4 rounds of QE. The last one expanded the money supply by something like 25%. Government debt, personal debts, are through the roof. Almost every sector of the economy is in some sort of bubble, and higher rates will pop these bubbles. My guess is the fed will attempt to raise rates, until the shit hits the fan, no doubt they will blame Russia or some other such bullshit. Then they will be back to 0% and money printing.