I guess I understand what Webb is thinking. In investing, they say "don't fight the Fed". Often when the Fed cranks up interest rates, the market continues to rise, and people say "this time is different"!
But in the end, the market gets whacked down and the Fed wins. He is thinking east-based Nino will win in the end. Normally I would agree with him, but I have to respect the opinions of others on this board who know a lot more than me when they say "this time is different". I don't know what to expect.