The Forensic Accountant nailed it on Lisa Cook — that's noise masking the real damage. But here's what even they're missing: (https://www.cnbc.com/2026/08/07/here-are-three-key-takeaways-from-the-disappointing-july-jobs-report.html) while unemployment somehow *fell*. That's not a signal — that's market confusion. When rates traders get confused, they panic-hedge into long duration.

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