The Bond Market Is Warning of a Major Collapse

[Pallas_Boreas]

There is a recurring moment before financial collapses when the public becomes least capable of recognizing danger because the visible surface of the system still appears triumphant. Markets rise, headlines celebrate record highs, and investors convince themselves that soaring asset prices are proof the underlying economy remains healthy. The final stage of speculative cycles rarely feels like panic. More often, it feels like vindication. Skeptics are mocked, risk is dismissed as pessimism, and the crowd mistakes momentum for stability precisely as the foundations underneath it begin to weaken.

Link: https://substack.com/@josiahwaters/p-199392343