The Fed is caught in a massive debt trap. What they are unknowingly trying to fight is the gravitational pull of the cultural decline of America … which seems to be gathering momentum! Dysfunctional politics and angry divisive social tribalism are core problems which are not going to be solved by throwing trillions of borrowed and printed $$$ at them. Climate change, population migration, global lunacy and a pandemic are just frosting on the cake. IMHO! To quote the WSJ: “We are living in the Golden Age of Stupidity.”notes from user $TLT, iShares 20+ Year Treasury Bond ETF / H1 SPY: $SPY, SPDR S&P 500 / H1