RATES ARE SURGING AGAIN; DOOM LOOMS *

The US 10yr is near 4% again and this means, in case you were stupid, that CASH SORTING is back on the fucking table. The days for SCHW to be a viable entity are in fact numbered. Who wants to keep $250k in their checking when you can just plow it into treasury bills for more?

The overall consensus is the US economy is booming. US mortgage rates north of 7% only means the poor will have to rent, which helps those in the upper 3% stockpile more cash for future discretionary spending. Because so many Americans are homosexual and/or too smart to have more than 2 kids due to selfish desires to travel and see the world and generally think about themselves, the powers that be continue to bring in migrants to fill a much needed labor pool for blue collar jobs.

Americans want to go to college and build up $300,000 in debt to take a shot at success — aspirational thinkers with dreams of legacy on their minds. And then you wonder why Mexicans traverse the landscape and copulate at alarming rates — all the while you stuff your fat fucking faces on sushi in expensive eateries.

You lost America, as a whole, because capitalism demands bodies to fill factories. You cannot complain with 1 or 2 kids running around, when you should’ve had 10 like your ancestors.

Back to the market: I closed +5bps and traded well and finished leveraged and without hedges, very happy and very bullish on FLYING TAXIS and EV and solar and all of the faggot stuff that I’ll probably hate in the future. The fact that rates are jimmying higher to such a degree just means things are heating up again and it won’t be long until the Fed feels their fucking out of shaped faces pressed up against the hot griddle not knowing how to deal with the thunder of renewed inflation horrors.