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Horseshoe Theory

Rate Hike Fails to Deter Bond Vigilantes

The boys review their experience on the Rush concert tour, before remembering fallen podcast hero “Bald” Bryan Bishop. Then, they turn their situation to the inflation wreaking havoc in bond markets, where yields on the 10-year note remain above 5% despite the Fed intervention. The lads next turn their attention to the recent Ed Sheeran concert controversy. That blossoms into a broader discussion about “horseshoe” theory, where the interests of the political left and right converge.

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