Let's not be naive. The Fed put itself in this position. You're correct. Most of the rest of us will - once again - take a massive shot to the wallet. But to The Fed and its "fan base" it's simply another cycle in the process of moving more from the bottom to the top.
Put another way, you or me are simply not The Fed's priority. I'm not sure why we voted for them.
Let's not be naive. The Fed put itself in this position. You're correct. Most of the rest of us will - once again - take a massive shot to the wallet. But to The Fed and its "fan base" it's simply another cycle in the process of moving more from the bottom to the top.
Put another way, you or me are simply not The Fed's priority. I'm not sure why we voted for them.
That last bit is sarcasm.