Sublime

On the trap of infrastructure investment and the resulting carrying cost of that borrowed money, on top the operating cost of maintaining the new infrastructure, leaving no capacity to improve in the future at the EOL of the new refurbished whatever. This is entropy plus encumbrance like barnacles on a ship

Aka as stressed that the debt service is

Explained below is how the market can go up even more in the coming 3 months.

If inflation moves down really fast + the FED not cutting rates fast enough — that can cause real rates to rise which likely = equities sell off.

• Delinquencies are NOT rising.

• Credit risk remains low

"Credit spreads remain at cycle lows" Therefore, the amount of growth risk