Indeed, they have at least one more everything bubble to blow up.

My 2 sats, as the rate cuts spur risk taking and leverage, they will hope that manifests in more financial asset leverage which plays such a crucial role to the whole economic system. 

Asset prices up means more leverage and increased collateral values. Right now the entire system is short equity and higher collateral values would help fill that gap. 

But, itll go to bitcoin and cryptocurrencies. 

Since they cant afford for capital to leave the system the asset deflation for non-bitcoiners and even bitcoiners could be staggering. 

Non-bitcoiners though may also lose their collateral if banks go bust whereas so long as bitcoin stays decentralized and permissionless bitcoiners can build back with our full stack.

Reminds me of atlantis from atlas shrugged.