The next leg down

As the economy continues to collapse, central banks keep raising interest rates in order to combat inflation. Most likely this will cause stagflation by driving out investment and tremendously slowing down the economy. As per inflation, the countless money printing by the central bank and, the attacks on the energy sector by the Biden administration is causing CPI to reach historical levels. Furthermore, as CPI continues to get worse, consumers will stop spending money and employers' profits start to shrink. This triggers massive layoffs meaning a rise in the unemployment rate. To conclude, the correction is just getting started and more downside is ahead of us.