Luke Gromen(@LukeGromen):Hiking rates to contain 10y yields didn't work...AGAIN. Fiscal dominance = Fed's only choice remains HOW they want to lose the long end: Via cutting rates (near-term inflation, medium-term good outcome) or hiking rates (near-term pain, medium-term Argentine inflation outcome.)

2026.09.23 15:59

Hiking rates to contain 10y yields didn't work...AGAIN. Fiscal dominance = Fed's only choice remains HOW they want to lose the long end: Via cutting rates (near-term inflation, medium-term good outcome) or hiking rates (near-term pain, medium-term Argentine inflation outcome.)

Luke Gromen@LukeGromen

2026.09.16 18:19

Fed hike = the Fed is trying to tighten financial conditions by giving more interest income to the upper leg of the "K" (Boomers) while simultaneously increasing US govt deficits (via higher interest expense). That's like screwing to try to get your virginity back.