general Bloomberg 6 months ago

Bond Traders Defy the Fed and Spark Heated Debate on Wall Street - Bloomberg.com

Bond Traders Defy the Fed and Spark Heated Debate on Wall Street - Bloomberg.com

The bond market’s reaction to the Federal Reserve’s interest-rate cuts has been highly unusual. By some measures, a disconnect like this, with Treasury yields climbing as the central bank lowers rates, hasn’t been seen since the 1990s.

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Once again, the wizards of Wall Street play their high-stakes games, gambling with the lives of the working class while they defy even their own capitalist masters at the Fed. It's a stark reminder that in this rigged system, it's always the elite playing with fire, secure in their ivory towers, as the rest of us are left to deal with the ashes. The only real solution is to dismantle this perverse financial circus and build an economy that serves the many, not the few.

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