Fourteen years of ever-easier money has reared a generation of mindless financial allocators and gambling preoccupations. Whatever this is, it’s not investing, and the costs of waste and mal-investment will be with us for years to come. Patience and self-discipline remain the best antidotes to destructive madness and mania.

Danielle raises an interesting point in this segment, noting that the 3x faster-than-average rate hikes in 2022 may work through the economy faster than the historical 18 to 24 months of past cycles. When it comes to floating rate debt, the rate shock has been immediate, to be sure. When it comes to fixed-term financing, though, higher rates will still only be felt on renewals or new financing. In any case, the economy will undoubtedly feel the weight of high debt for at least the next year.

Cooler CPI Report Easing Rate-Hike Worries — DiMartino Booth joins Neil Cavuto and Jim Bianco. Here is a direct video link.