Bond Bulls Beware

TS Lombard stays bond-bearish and dollar-wary, seeing an AI investment bust—not fiscal dominance—as the real catalyst to watch.

• No fiscal dominance: Dario Perkins argues the Fed's rate hike just before midterms disproves fiscal dominance—true dominance requires the Fed abandoning its inflation target, which it hasn't.
• Bonds stay bearish: Both hosts say they're not yet bullish on government bonds; the catalyst would require an AI-driven demand collapse forcing real monetary tightening first, not a repeat of 1970s-style supply shocks.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.