(Bloomberg) -- It made sense at the time. Jerome Powell was waging war on inflation. The bond market was flashing dire warnings. Practically everyone saw a recession coming.Most Read from BloombergUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosPutin Warns Poland Over ‘Aggression’ Against Ally BelarusBillionaire Sternlicht Sees ‘Category 5 Hurricane’ Spurred by Fed Rate HikesAMC Shares Surge as Judge Denies APE Deal in Surprise RulingAnd y