Inflation hit the stock market a long time ago, inflation is now hitting consumers, the fed rate is now many percent low.
What actually needed to happen is QE needed to end a lot sooner, interest rates needed to be raised moderately months ago.
All of this should have been entirely predictable, but instead of "oh god this is ready to blow" when stock market valuations were way above prepandemic levels everyone was like "this is awesome, I bet it'll keep going!"
There's no free lunch, you can't pump that much money into an economy that isn't doing a lot and not have consequences.
Inflation hit the stock market a long time ago, inflation is now hitting consumers, the fed rate is now many percent low.
What actually needed to happen is QE needed to end a lot sooner, interest rates needed to be raised moderately months ago.
All of this should have been entirely predictable, but instead of "oh god this is ready to blow" when stock market valuations were way above prepandemic levels everyone was like "this is awesome, I bet it'll keep going!"
There's no free lunch, you can't pump that much money into an economy that isn't doing a lot and not have consequences.