The Fed's Plan to Cut Rates by Next Year

A lot of people have been recommending bonds because they think this is a great, you're locking in these high yields. These yields are still low. Especially when you contrast them to the rate of inflation. But I think we're getting ready to disappoint a lot of people who have been trying to pick the bottom of the bond market and who have been buying the 10 year or longer thinking they're going to make a game. They're about to get hit with some unexpected losses. It's going to be a big problem for the banks because their bond portfolios, their mortgage portfolios are about to take another big hit when we get another leg down in the bond market. And that's going-to