The Fed lost control of the bond market, with Cryptos, MicroStrategy, and unprofitable companies still thriving. The 1920s saw the greatest stock rally, followed by the worst crash in history.

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This scenario isn’t just about market dynamics; it’s a warning sign. With the Fed seemingly powerless over the bond market, and with investments in everything from digital art to unprofitable tech ventures defying gravity, we might be in for a rude awakening, much like the one that followed the 1920s.

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