This is the definition of broken:
— The Kobeissi Letter (@KobeissiLetter) September 2, 2025
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?
(a thread) pic.twitter.com/AKt5KG0qx3
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A vain attempt to circumvent the laws of economics. They are called “laws” for a reason.