Business is already factoring in less buying power of hyerinflation, and hiring less. Market''s way way over speculated, and will tumble once the institutional investors start wising up that P/E ratios over 50 aren't in a winning hand. Add interest rates start rising considerably to stay in place with inflation, and this total economy will strike fear like a Jimmuh Carter Killer Rabbit.
Biden's economic death spiral will by my latest best estimate will start 2 or 3Q 2022. I'm prepared. I hope everyone else is too.