…And if investors think there's going to be more inflation and more volatility in the future, they demand higher compensation upfront for the additional risk. This means even if the Federal Reserve decides to cut rates tomorrow, your borrowing costs only fall if long-term investors believe that inflation is going down. And right now, they do not. In fact, as of right now, the market's beginning to price in the likelihood that Kevin Worsh is going to raise interest rates as his first policy move, mainly because inflation is growing out of control. The stock market is feeling more wealth creation than we have ever seen before in history. And the only way to maybe get ahead of it might just be to crash the stock market, remove all the free money from the economy, and then start over from a clean slate. or basically investors are out there looking at the current market landscape and they're thinking to themselves, we've got higher oil prices. Inflation isn't fully priced in. And now the Fed wants to change the way they measure inflation, which is going to probably result in more inflation. So whatever Kevin War says or does, we don't believe it.…