Spiegami questo tweet: Ask yourself, what’s the pain trade going forward? Is it FFR cut to 3% and a 10Y at 2.5% or is it FFR at 5.6% and 10Y > 4%? Do you hear anyone crying out of despair saying « enough cutting rates, stop, you gonna kill us »? no never happened. Did you happen to see a plethora of ZIRP cry babies cumlording their way to ridicule with shameless lack of self awareness begging for Fed to stop? ofc you did.