10 YR Treasury Yield is Going Vertical, Speedrunning 2008 Financial Crisis
Tom Bilyeu explains why 10-year Treasury yields at 5.22% mirror 2008 stress, how AI infrastructure is hitting an energy wall, and whether innovation can outrun the debt crisis.
The gist
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10-year yields at 5.22% are freezing the housing market because half of existing mortgages are locked below 3%, killing turnover.
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Oracle delayed a New Mexico data center six months because it could not source power, showing energy may matter more than chips.
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Bilyeu says the Fed is hiking to fight inflation caused by geopolitical supply shocks, not excess demand, risking a recession.
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AI token costs are dropping 1,000x faster than expected, letting independent researchers do drug discovery work without institutional funding.
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