Main Street Never Stood a Chance They staged a comeback...for about 36 hours. Back to business as usual @agnostoxxx

🚀 NEW ROUNDUP: The Great Ponzi-fication Of Markets We Discuss: 🔶 The Golden Age of Grift 🔶 Why bonds are broken 🔶 The “Fire Powell” trial balloon 🔶 Japan risk repeat 🔶 Hedging for the summer @agnostoxxx @Tyler_Neville_ @qthomp @fejau_inc Links Below ↓

The Fed is quietly losing control. The U.S. is sliding further into fiscal dominance and the consequences will completely upend monetary policy. Takeaways from our latest episode with @DavidBeckworth ↓

Treasury's playing the short game. Issuing more T-bills to avoid the pain of locking in high long-term rates. High debt forces short-term thinking. @DavidBeckworth

No war. No Recession. Yet $2T deficit. 100% debt-to-GDP and rising, even before the next crisis hits @DavidBeckworth

Killing interest on reserves won't help Banks will just chase yield in T-bills where taxpayers still foot the bill @DavidBeckworth

🎙️NEW POD: We’re Entering The Final Phase Of Fiscal Dominance We Discuss: 🔶 The 3 phases of Fiscal dominance 🔶 The Fed’s balance sheet dilemma 🔶 Stablecoins supporting dollar dominance 🔶 Active treasury issuance & political pressure 🔶 Rewriting the Fed’s monetary policy framework @DavidBeckworth @fejau_inc Links Below ↓

Just recorded a great interview with @DavidBeckworth where we discuss how fiscal dominance is reshaping the Fed. Airing tomorrow!