And the backdoor bailouts came swift and early. That was then. Now, with inflation soaring, the Fed's hands are tied.

Back then the yield curve inverted for like a day. It inverted I think three times for a day or two each time.

Right now, the 10:2 yield curve has been inverted for, what, two months? We're looking at a downturn comparable to 2008 or the dot com crash.

Look at this:

[link to fred.stlouisfed.org (secure)]

Now, are we catastrophizing? Or are we being real?