The Fed's Response to China's Economic Crisis

I think people were looking at regional banking here and commercial real estate looking for the catalyst internally in the US on that rate, default initially. But I think the real deflationary catalyst for the world is China imploding. And we talk about how we are in this almost fake Goldilocks environment because we are seeing the effects of this longer term inflationary tailwind being counteracted by the Fed's short term headwinds. We have two waves then kind of, you know, superimposed upon one another. I think you have the making of potentially a major, major collapse,. which is that big, I guess, elephant in the room that I'm watching.