For the "nothing ever happens crowd" we are approaching the endgame for the US dollar.
>This is the definition of broken:

In 15 days, the Fed will cut rates for the first time in 2025, yet the 30Y Treasury Yield is now near 5.00%.
>We have RISING interest rates as markets "price-in" Fed interest rate CUTS.
>Do you realize what's happening?
https://xcancel.com/KobeissiLetter/status/1962875968806064527

For those who don't want to read the thread, I'll give a tldr; and follow through with the logical conclusion on how it ends.

1. Lowering the Fed rate cause long term bonds to go up?
-Fed rate only effects the short term t-bills. Long bond interest is determined by market demand. Lower short term interest rates signal higher inflation, causing the market to demand higher interest for longer term debt.

2. Mortgage and car loan interest rates are priced based on the 10 year Treasury bond yield. Ie, lowering the Fed short term rates will cause mortgage and car loan interest rates to GO UP.

3. The Federal government CANNOT afford to pay 5%+ interest on long term bonds. The interest is ALREADY eating over $1 trillion/year out of the budget.

4. Since the US government cannot afford higher long term interest, but the market DEMANDS higher interest, the Federal Reserve must step in and do yield curve control, which means printing new money and buying the US government debt, Weimar style.

5. This puts the US government into a debt spiral where the more money is printed, the higher inflation gets, which requires even MORE money printing, which pushes inflation even higher and this cycle continues until the US dollar dies.

6. But wait, it gets worse. Since there are trillions of dollars held internationally OUTSIDE the US borders, and outside the US banking system, these foreigners WILL race to dump their US dollars as quickly as possible, greatly accelerating the US dollar inflation.