Treasury bonds are the largest financial product, relying on fiscal revenue to repay debts. This is the core economic issue that Trump and Harris want to solve - raising taxes
Trump wants to increase tariffs, Harris wants to increase corporate income tax and capital gains tax
What will the interest rate cut bring?
Debt purchase funds withdraw
Local currency exchange rate falls
QE prints money and expands balance sheet
Delaying financial market crash (but cannot avoid it)
As the snowball gets bigger and bigger, no country can solve the $35 trillion US debt problem