Downtown Josh Brown

in a macro sense, and then on a micro level, every one of them has a business going up against another one.

Just think like what Waymo versus Tesla versus Uber, like that'll be a battle royal for the next 10 years.

Can you explain what you think went on in the last week where all of a sudden the 30-year treasury hit a high it hadn't been at since 2007?

And the market, the stock market, did not even blink.

We're so caught up in this AI cap, and maybe that's part of why the 30-year bond is doing that.

I'd love to hear what you think.

You say it's a blowout, $500 billion to fight Iran for a year.

Okay.

I don't think they think about that.

You don't think they think about the financial situation of the country that they're going?

Because we think of nothing but blockading them and harming them financially.

You don't think it's crossed their mind?

Wow.

Some would argue they swept some things under the rug like they did during COVID.

But we could debate that.

So anything good happening in the economy is either directly or indirectly related to AI.

There's nothing, my opinion, there's nothing else good in the economy.

The housing market's terrible.

The bottom third of the country can't pay their bills.

Delinquencies are starting to edge up very slowly in a lot of areas.