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He's become even more larger than life.

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From Bloomberg Business Week, this is Elon Inc. Listen wherever you get your podcasts.

Sabatrichapr of Soggen, writing quote, as the Immaculate Dis-Inflation

narrative hits a speed bump, the Fed's data-dependent approach likely implies a

gradual policy easing path and a higher terminal rate. The longer the Fed keeps

policy elevated, the greater the impact will be on the broader economy. We continue to believe

that risk to yields are biased to the downside. So about the Rajapas, with us around the table. So Badger, great to see you.

Why is this still a buy-the-dib bond market for you?

Because we're at the end of the cycle and the market is not going to challenge the Fed like they did last year, August,

September of last year, we saw the sell-off, 10 years rose dramatically in a very short amount of time. This is a very different time frame.

The Fed is telling us that they're going to cut rates three times and the market's not

...