Michael Nadeau

You can't really have it both ways.

So we'll see.

I just think it's important to kind of, let's take this guy at his word.

Let's look at what he's saying.

Let's look at what he did in the past.

He was against a lot of the things that came with QE and stuff after the 2008 Great Recession.

So to me, we got to kind of wait and see here.

And if the economy starts to roll over and the Fed starts cutting, that's what I expect to happen.

He's aligned with Charlie.

He's going to bring rates right down.

But when you're cutting into a recession, that's not going to boost the markets right away.

You're just cutting into a recession.

You're bringing rates down.

And if he does that, what ultimately will happen to the long end of the curve if they think inflation is coming back and they're not going to cap that?

They're not going to go out and buy the long bonds.

We could have it so we're in a different regime here, potentially.

It's possible that he's talking a big, you know, game right now.

And when it comes to it, they're just going to do the same thing they've always done.

You know, that's very possible.

But I think we need to be prepared for, like, a potentially...