Powell breaks 1000-day yield inversion record economy still rolls over, housing bubble ready to burst 60–70% drop on deck

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I must admit the situation is getting funny. First of all I’m not a big fan of Powell, because I think this guy has already lost a powerful game hitting 10Y/3M 1000 days in inversion beating previous 1929 record 700 days. Reality is : if even that’s his achievement – he’s just buying time at the way bigger cost – so Powell is in a wrong place in a wrong time (longer cycle still rolling over).

-Housing market is in the biggest bubble ever and needs to tank 60-70% due to different reasons, let’s start with demographics issues or wealth inequality

-It’s not really the fault of Powell – but who sent stimulus checks? That was UST not Powell. Who made a lockdown of the economy? That wasn’t Powell too. 2020 crash would have ended as a Great Depression but all those tricks bought some time to avoid it, but buying time <> solving the problems. As problems have arrived now it’s Powell’s fault

-All those tricks have one task – everybody feels the vibes how bad the situation really is, where real estate agents can’t sell one house when 7 months passed away, rents are collapsing, and 18T$ from Chinese domestic real estate wealth have been evaporated already so nobody wants to do it – but it’s not that easy.

-Adding fartcoin collateriazed loans will make everything worse.

-Powell is getting more and more a position of a scapegoat, but all those idiots asking for rate cuts, probably can’t understand that Powell does what market wants. As long as economy won’t crash, any cuts will unwind probably long end yields spiking way higher = crashing real estate even more.