Sagar Enjeti

So at some point, you got to wonder, when is reality going to set in, especially about the truth of some of these policies that are obviously pushing prices higher and really making a lot more people struggle and go deeper into debt?

Yeah, I think let's just be open with everyone.

All of this can sound like Wall Street gibberish about what bond yields are.

This is really what this is about.

People don't believe that the U.S.

is going to be able to pay back

In real terms, at the same level it used to.

In other words, people are assuming inflation is going to go up and you are seeing signs across all parts of the globe that they are moving away from, they want to decouple a little bit from the U.S.

They want to move away from owning U.S.

treasuries.

Now, there are some people who actually want that to occur and there's some arguments for it.

But I think the result, Ryan, is that when it comes to things that we want to happen in our country, people being able to buy a home, people being able to borrow to start a business, all of that is going to go up and up.

Because as you said...

The bond market is looking at some reality here.

They are seeing the Strait of Hormuz being closed until June and maybe pricing in that it could go much later.

They are seeing a huge giveaway to wealthy people

to the tune of trillions of dollars in deficit, even as ordinary people are struggling.

So it's hard to know exactly how this plays out.

What I talk to people about, they think there's a few things.

If gas prices are over five bucks,