NY Times Bestselling Author, pick up "When Markets Speak" on Amazon. Long-time @RealVision @CNBC Contributor, founder of the @BearTrapsReport
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Japan, government spending as a percentage of GDP - The fiscal deficit was projected to widen to 3.6% in FY2024 from 2.9% in FY2023, despite the "gradual phase-out of some economic support packages."
"Could it be that Fiscal Dominance is replacing Monetary Dominance. Conversations about asset allocation in a changing world. If the secular regime has shifted from the Great Moderation of the 2000’s and 2010’s to one of Fiscal Dominance in the 2020’s and beyond, then in my view that calls for a refresh of the 60/40 paradigm that most of us grew up in." 
In October of 2023, Bank of America $BAC equity traded near $24 ($43 last week), with the U.S. 10 year Treasury yield at 4.91% (4.51% last week). Thank God for the Fed's Bank Term Funding Program (BTFP), but a lot of these losses are now sitting on the Fed's balance sheet. 
A Historic week. This is a WW2 like initiative. National security, the USA is WAY behind China. Friday, executive orders were signed. The White House wants to 4x domestic production of nuclear power within the next 25 years, @elonmusk has been making this point for 36 months.
The Limited Life Cycle of a Democracy 
Largest Destruction of Equity Capital in the US
Apple $AAPL 2.55% bonds due 2060 are down at 57 cents on the dollar. If long-term bond yields go to 6%, take a guess where this bond will trade?
For all of 2008, as Lehman was failing, the value of their core (safety) capital (US Treasuries) was moving higher, NOT lower. 
We are looking at the 3-month US Treasury Bill yield vs. the 2-Year US Treasury yield. The Fed is holding up the front-end T-Bill yields with rate hikes and hits of more vs. market participants pushing down 2’s yield betting on recession - future rate cuts. 
The ECB is “smoking on the dynamite shed..”
Reverse Robinhood - with $4.8T of consumer credit (auto leases, credit cards, student loans, home equity lines of credit, etc) - every 1% move hits the little guy and gal with $40B of extra interest costs - all the while the top 40% cash in on the interest gravy train. 
On the House GOP's budgeting-cutting enthusiasm -- the goal of cutting $130 billion from discretionary approps without touching defense or veterans' health means freezing those two items and cutting everything else by 21% immediately. That's just not realistic.