Man this is great research! It's something I've also been talking about for quite a while. There is an obvious reason why the BLS Chief was fired and replaced with another "yes" lackey a few months back. The Federal Reserve has been clearly trying to keep everyone calm while also not so subtly saying that they see big problems forming under the hood, yet the Trump admin is putting about as much pressure as one can to see those interest rates come down. What likely will happen is that they will lose control of the back end of the YC, at the same time private equity / hedge funds are extremely exposed to Private Credit and have now once again tied in the Banking System. There is another "too big to fail" narrative that is forming right before our eyes, but at a time when Geopolitics and Sovereign Debt levels are tipping into crisis. It explains the massive commodities rally we've seen the past year. It's all going to blow up again like 2008, but the question is When. I still believe that the next two rate cuts will cause the blow off top that we see in most bubble pops before we tip into recession and likely have a sustained and painful correction that will decimate households.