Peter Boockvar, CIO of One Point BFG Wealth Partners and editor of The Boock Report, joins Ilya Spivak with a contrarian read on the bond selloff. He argues it is not an inflation scare from oil but a surge in real rates, with the 10 year up about 70 basis points since February while inflation expectations barely moved. The bigger story, he says, is that debts and deficits finally matter, from the US to Japan to Europe, and markets are choking on government paper. He piles the AI build-out on top: Google just posted its first cash-flow loss and Oracle is set to spend nearly all its revenue on capex, stacking debt that pushes rates higher. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Meet Peter Boockvar 00:34 It's real rates, not an inflation scare 01:40 The PPI vs CPI margin...