Everything about this society resembles Weimar (and Rome) except we haven’t gotten hyperinflation yet.
That’s the missing piece and you’re betting against that?
CPI is dropping at a rate of -0.8% per month.
At this rate CPI will be negative (deflation) come September.
50bps rate cut is a bit of a stretch but factoring in FED policy lag time (~1 yr) + potential svb contagion, it wouldn’t surprise me to see rate cuts come sooner.