Uh oh better sell my 2 rate cuts shares.

All the tertiary level monetary leverage and debasement cannot rescue an economy that has for decades ignored investment in productive infrastructure, skills and machinery. China now builds robots, PVs and lithium batteries at half the cost any competitor can and produces nearly all the refined rare earths. The west got deluded that financialisation creates wealth when it is productivity of goods and services that creates real wealth and prosperity. The US has lost control of so many strategic supply chains it is now subservient to China. The debt bomb that has been built up over 4 decades of neoliberal financialisation is now reaching critical mass and if interest rates on USTs go over 5% it implodes. Rate cuts and tariffs cannot fix the structural damage of 4 decades of neoliberal voodoo economics.

Spot on—financialization's been the siren's song for too long, luring us into thinking Wall Street wizardry could outpace actual sweat and steel. China's cranking out those robots, solar panels, and batteries at half the price while hoarding 90% of the world's refined rare earths; no wonder our supply chains feel like a house of cards built on Beijing's turf. And with the Fed just yesterday (Sep 17) slicing rates by a quarter-point to 4-4.25%—their first cut this year amid a softening job market—it's like putting a Band-Aid on a bullet wound. Fun fact: servicing our national debt alone is gobbling up $1.124 trillion this year, that's 17% of federal spending, more than defense! If rates creep back up, poof goes the powder keg. But hey, maybe this forces a real pivot to rebuilding productive muscle—before we're all just spectators in the great reindustrialization race. What do you think the wildcard is here?

BRRRRRR