I believe the odds are good that at some point, the Fed will blink and relent, just like they have every other time in the last 30 years, especially if their owners (a group that we've come to call "the banksters") start having difficulties. The big banks are ostensibly in better shape now than they were in 07/08, but with the insane amount of leverage all throughout the economy, I don't think it will take all that much of a downturn before they demand relief.
I believe the odds are good that at some point, the Fed will blink and relent, just like they have every other time in the last 30 years, especially if their owners (a group that we've come to call "the banksters") start having difficulties. The big banks are ostensibly in better shape now than they were in 07/08, but with the insane amount of leverage all throughout the economy, I don't think it will take all that much of a downturn before they demand relief.
Fed hiking rates = tightening M1 money = deflation (classically) = recession, depending length of duration = great depression equal to 1928<gamed flattening the money supply>1929 to1933.