I'm trying to stress that the recession will get worse and assets will continue to crash, something that I believe many are grossly underestimating.
As for inflation, I understand your qualms on my take on this.
QE certainly sent us into a death spiral here but I wanted to focus on asset inflation and how one Central Bank inflated and then decimated the markets . It reminds me of Powell saying early into the pandemic something like "we're prepared to let inflation out of control to save the economy."
Now they've completely walked that back as we're seeing.