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> The issue becomes when the fed suddenly raises rates faster than any time in their history

The Fed funds rate was 9% in July of 1980 and 19% in December of 1980.

So, roughly doubling (2.1x) in absolute terms versus 17x over the past year.

Let me get this straight. You're making the argument that raising interest rates from 0.01% to 0.17% in a year would have a similar effect as raising interest rates from 5.9% to 100% in a year?

You would say the Fed raised rates as quickly in the first scenario as the second?

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