If we go back to 2008 and do a checklist:

Bank failures (SVB, Signature, Silvergate, Credit Suisse)

Bad returns (historical worst 1yr returns for 60/40 portfolio)

Credit rating bubble (Sovereigns, Corporates)

But now we also have the US over 100% debt/GDP and an inflation problem.

Everything the Fed did in the last 18 months just got us back to the rate levels we were at in 2008.

Buckle up.