Past the Point of No Return - Luke Gromen & Lyn Alden

About this episode

Luke Gromen says the bond market has already crossed a line it can't un-cross. Lyn Alden isn't convinced.Two of the most respected voices in macro sat down together, and they agree on where this ends — some form of yield curve control — but disagree sharply on how we get there and how fast. This is a breakdown of that conversation, and what it means if you hold Bitcoin.What's actually stressing the bond market isn't what most people are watching. It's hyperscalers borrowing at 5% to 6% to fund AI and dragging everyone's cost of capital up with them. It's private credit sitting quietly on life insurance balance sheets. And it's the buyers who simply aren't showing up anymore.SOURCEThis…