Podcasts about Bond market

The US Federal Reserve and the Bank of Japan both made headlines over their recent moves to lift official cash rates, leaving experts to wonder what could be next. Investors are wondering if there's a longer hiking cycle to come, especially off the back of the ongoing Middle East conflict. Harbour Asset Management expert Shane Solly explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Stijn Schmitz welcomes back Strategic Investor and Co-Founder of Bastion Asset Management, Michael Gentile to the show. Michael maintains a strongly bullish long-term outlook on gold, viewing the recent price consolidation from its highs as a normal pullback within a broader bull market. He emphasizes that his conviction is backed by significant personal capital deployment, having made his largest-ever quarterly allocation to junior mining companies during the recent downturn. He argues that the fundamental drivers for gold remain firmly intact, pointing to unsustainable global debt levels and a revolt in the bond markets as investors increasingly seek hard assets over devaluing paper currencies. He anticipates that central banks will eventually be forced to intervene to suppress bond yields, an action he believes will serve as turbo fuel for gold prices. Gentile sees a historic opportunity in junior mining equities, which he believes are dramatically undervalued relative to the gold price. He explains that while all-in mining margins have expanded massively, the market is still pricing many in-ground ounces at the same low levels seen when margins were a fraction of what they are today. Recent high-profile acquisitions at valuations of five to six hundred dollars per ounce validate his thesis that a significant re-rating is possible for quality assets currently trading at a steep discount. His investment strategy focuses on identifying assets with the scale, grade, and infrastructure to become actual mines, thinking like a major mining company would. He prioritizes projects that are already economic at lower gold prices and possess substantial exploration upside. For portfolio management, he limits initial positions to one percent of his net worth, aiming for a significant ownership stake, and only allocates follow-on capital to companies that continue to execute and advance toward becoming a mine. He also highlights his efforts to create synergies by marketing his portfolio companies collectively to investors. Timestamps: 00:00:00 – Introduction 00:00:46 – Gold Price Consolidation 00:03:20 – Recent Mining Investments 00:06:43 – Bond Markets Driving Gold 00:11:25 – Central Bank Gold Buying 00:14:30 – Money Supply Acceleration 00:18:15 – Global Debt Problems 00:20:40 – Gold Miners Leverage Opportunity 00:26:24 – Company Selection Criteria 00:30:16 – Portfolio Management Strategy 00:36:00 – Metal Prices & Margins 00:39:24 – Commodities and Derisking 00:42:24 – Reallocating Capital 00:48:35 – European Roadshow Details Guest Links: LinkedIn: https://www.linkedin.com/in/michael-gentile-01028552 Website: https://www.bastion-am.com/ Mining & Metals European Roadshow: https://saturdaymorningmining.subscribepage.io/ Michael Gentile, CFA is Founding Partner & Senior Portfolio Manager at Bastion Asset Management. Before founding BAM, Michael was Vice President and Senior Portfolio Manager at Formula Growth Ltd for over 17 years. Michael co-managed the FG Alpha Fund (US SMid equity market neutral) between 2012 and 2018, co-managed the FG Focus Fund (US SMid long short strategy) between 2014 and 2018. Since leaving FG in 2018, Michael has been very successful investing in the gold sector also acting as Strategic Advisor and Director for several companies in the natural resource sector. Michael graduated with Great Distinction from the John Molson School of Business (Concordia University) with a Bachelor of Commerce (Finance) and received the Calvin Potter Fellowship from Concordia's Kenneth Woods Portfolio Management Program. He also holds the Chartered Financial Analyst designation (CFA)

George Hahn connects the dots across the week's biggest stories: why China might be the first to answer the AI question, what $40 trillion in debt means for the bond markets, and how mortgages above 7% have made housing less affordable than ever. Plus, Scott on when moving in with your parents is smart and when it becomes a trap. We'd love your feedback as we build this show! Let us know what you think: info@profgmedia.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

P.M. Edition for Sept. 18. In a letter to investors today, legendary investor Warren Buffett said he would step down as chairman of Berkshire Hathaway. WSJ deputy markets editor Justin Baer discusses why it's happening now, and the details of Buffett's long-held succession plan. Plus, Disney has hired the head of artificial-intelligence company Character.AI to be its first chief technology officer. We hear from Journal reporter Ben Fritz about how this fits into CEO Josh D'Amaro's strategy. And President Trump says he's banning CNN, MS Now and Politico from the White House over their coverage of his administration. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

There has been a transition from a world of abundant capital to one of scarcity. With the rising interest rates across the US, UK, and France, we discuss the economic implications of Donald Trump's "fairway diplomacy" in Ireland, the structural fragility of European bond markets, and the sudden shift in rhetoric from AI leaders calling for regulation. Is the move to "pace the frontier" is a moral awakening regarding existential risk or a strategic play for state protection in a tightening financial landscape?NYC Tickets: https://irishartscenter.org/event/an-evening-with-david-mcwilliams-2026 Hosted on Acast. See acast.com/privacy for more information.

"You are going to see a crack in the bond market."   This episode breaks down why the bond market, not the stock market, is the one investors should be watching right now, as 30-year US Treasury yields hit their highest levels in about two decades. He explains what a bond actually is, how it differs from a stock, and why the US government has had to start buying its own debt to stabilize the market.   Jaspreet Singh walks through why Treasury yields set mortgage, auto loan, and credit card rates across the economy, and why traditional lenders like the Federal Reserve, foreign governments, and banks have grown more cautious about lending to the US. He also covers the debt to GDP ratio, the risk of a self-reinforcing "doom loop," and how investors might think about positioning their money depending on which direction the economy heads.   In this episode, you'll learn: The core difference between owning a stock and owning a bond, including who gets paid first in a bankruptcy Why the 10-year Treasury yield sets mortgage, auto loan, and credit card rates across the economy Why the Federal Reserve, foreign governments like Japan and China, and banks have become more cautious lenders to the US How the 2022 Silicon Valley Bank collapse was tied to rising Treasury yields and falling bond prices How the Genius Act requires crypto companies like Tether to buy US Treasuries, becoming a fast growing source of demand Why the US debt to GDP ratio has grown from about 55% in 2000 to roughly 125% today The "doom loop" scenario, where rising debt, higher rates, and money printing can feed into each other The two paths forward, the economy outgrowing the debt versus the doom loop, and how that shapes investment decisions   Keywords: bond market, Treasury yields, national debt, mortgage rates, Federal Reserve, Silicon Valley Bank, Genius Act, debt to GDP, doom loop, investing   ✅ Register for my investing Workshop & get Market Briefs as a bonus: Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or podcast). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------

Bill Walton returns to Hearts of Oak to discuss the AI safety debate after Anthropic's leadership warned that advanced systems could pose a serious risk to humanity within a decade. He argues that heavy federal regulation would entrench the biggest players, squeeze open-source development, and slow innovation, while the U.S.–China race makes a simple pause unrealistic because AI is dual-use. Bill then turns to what he sees as the more immediate threat: rising long-term Treasury yields, global government debt, and the limits of taxing, borrowing, or inflating the problem away. The conversation closes on crypto, quantum computing, financial surveillance, Europe's safety-first regulation, and why risk-taking and free speech matter more than trying to make everything “safe.” Bill Walton is a former Chairman and CEO of a $10 billion NYSE-traded investment company, a successful investor, renaissance man and the host of The Bill Walton Show. After decades in finance, private equity and as an entrepreneur and CEO, he now writes and speaks about the intersection of finance, policy, and culture. Bill has served at senior levels across business, government, and the arts—ranging from Vice Chairman of CPAC and President of the Council for National Policy, to President of the National Symphony Orchestra; and National Trustee and Finance Advisor to the National Gallery of Art Trustees and Chairman of the Kelley (Indiana) School of Business. Other national board service includes Heritage, AEI, Wolf Trap, and the National Venture Capital Association. Earlier in his career, Walton served in the U.S. Army at the Pentagon, headed strategic planning for a major commercial bank, worked in mergers and acquisitions at Lehman Brothers Kuhn Loeb, and later advised CBS founder William S. Paley.  As a feature film producer, two of Bill's films screened at the Cannes and Tribeca Film Festivals. In 2016-2017 he led President Trump's 2016 Financial Agency Transition Teams.  He attended public schools in Indiana and is now a private investor.    Connect with Bill Walton  The Bill Walton Show | Money Culture Power The Bill Walton Show | Substack The Bill Walton Show Podcast Series – Apple Podcasts The Bill Walton Show - YouTube   Connect with Hearts of Oak...

Big tech companies are borrowing billions of dollars to finance the build-out of AI data centers, and your 401(k) might be helping to fuel that. Today on the show, what AI hyperscalers are doing to the bond market.Fact checking by Sierra Juarez.Your Next Listen — Who's financing Meta's massive AI data center?Connect with The Indicator — Sign up for The Indicator's weekly newsletter! — Buy the Planet Money book — Find our socials, YouTube and more! — For sponsor-free episodes, subscribe to NPR+ Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show's perks include sponsor-free listening. Learn more at plus.npr.org. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

For the past few months, you've probably been hearing about the turbulence in the bond market.Today, Ben Casselman, the chief economics correspondent for The New York Times, explains what has been happening, and why it matters.Guest: Ben Casselman, the chief economics correspondent for The New York Times.Background reading: How to make sense of mayhem in the bond market.The bond market issued a swift rebuke last week to the Trump administration's latest attempt to lower borrowing costs.Photo: Rod Lamkey Jr. for The New York Times For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts, Spotify and Amazon Music. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

P.M. Edition for Sept. 14. Industry leaders' calls for a slowdown in AI development are rippling through tech, government and financial markets. As some look at what more guardrails could look like in practice, some—including President Trump—say they're unnecessary since they could give China a competitive leg up. WSJ chief China correspondent Lingling Wei discusses how the debate is going over there. Plus, chip stocks fell over the prospect of a pullback in spending on the AI buildout… and the 10-year yield briefly touched over 5% as instability in the Middle East pushed up oil prices. We hear from markets reporter Hannah Erin Lang about what drove market moves today. And Democrats have momentum as they eye control of Congress. But as WSJ national political reporter Eliza Collins explains, there are also risks that could trip them up. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

US Treasury secretary Scott Bessent's interventions in the American bond market haven't worked so far, but could interest rate decisions from the Federal Reserve and Bank of Japan this week change things? Plus, Russia hit a Ukrainian train line moments after foreign dignitaries transited it, and the FT's Zehra Munir explains how protesters cancelled a data centre project in Virginia. Mentioned in this podcast:Warsh and Trump on collision course as investors expect Fed to raise ratesScott Bessent fails to break ‘fever' in US bond marketRussia strikes Ukrainian train line moments after foreign dignitaries passThe civil war in Data Centre AlleySubscribe to the FT: ft.com/briefingsaleWant to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Josh Gabert-Doyon. Our show is mixed by Sam Giovinco and Kelly Garry. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT's global head of audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Gibson Smith, Founder and CIO of Smith Capital Investors, joins the podcast to unpack the forces reshaping fixed income today, including persistent inflation, a new Fed Chair, a shifting geopolitical backdrop, and the rise of debt financing for AI data centers.  Gibson then shares his outlook on the implications for portfolio positioning.----------------------------------------------------------------------------------------------Subscribe Here to the ROI Podcast & other First Trust Market News Website:  First Trust PortfoliosConnect with us on LinkedIn: First Trust LinkedInFollow us on X: First Trust on XSubscribe to the First Trust YouTube ChannelSubscribe to the ROI Podcast YouTube Channel

An expectation of more OCR hikes - with bond yields rising internationally. 10-year New Zealand government bonds are now paying above five percent - the highest level since 2023. US 30-year Treasury bonds are at their highest point since 2007. The OCR rose to 2.75 percent two weeks ago. Westpac Chief Economist Kelly Eckhold told Heather du Plessis-Allan central banks have a lot of work to do next year, so he expects the OCR could be four percent at the end of next year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

This morning, we got consumer price index data for August. Prices went up 0.4%, and annual inflation is running at 3.4% — in line with expectations, but still way above what the Fed would like to see. Today, we'll break down the fresh inflation data, as well as rising bond yields, global interest rates, energy price fluctuations, and more of this week's market news. Plus, a Canadian business owner reflects on how his government is handling the trade war.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

This morning, we got consumer price index data for August. Prices went up 0.4%, and annual inflation is running at 3.4% — in line with expectations, but still way above what the Fed would like to see. Today, we'll break down the fresh inflation data, as well as rising bond yields, global interest rates, energy price fluctuations, and more of this week's market news. Plus, a Canadian business owner reflects on how his government is handling the trade war.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Interview recorded - 9th of September, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming back Alasdair Macleod. Alasdair Macleod has over decades of experience in financial markets, with a focus on monetary history, systemic risk, and the enduring role of gold. He is one of the most respected voices on sound money and wealth preservation.During our conversation we spoke about the current situation in the economy, the geopolitical crisis we're working through, Scott Bessents buyback, why yields could go to 20% and more. I hope you enjoy!0:00 - Introduction2:13 - Overview of Markets and Economy8:05 - Geopolitical crisis10:11 - Scott Bessent buyback?14:18 - Where would yields go?21:05 - Take down the rest of the world?32:05 - Is there a way out?Alasdair Macleod is is an educator and advocates for sound money through demystifying finance and economics. His background includes being a stockbroker, banker, and economist.Alasdair Macleod started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm.Subsequently, he held positions at the director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director.For most of his 40 years in the finance industry, he has been demystifying macroeconomic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences.Alasdair Macleod - Substack - https://alasdairmacleod.substack.com/Twitter - https://twitter.com/MacleodFinanceLinkedIn - https://www.linkedin.com/in/alasdair-macleod-9494b27/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Lee Hardman, Senior Currency Analyst, and Seiko Kataoka Fisher, Director in Japanese Customer Sales for EMEA in London, discuss potentially spillovers for the FX market from the accelerating bond market sell-off. How will upcoming BoJ and Fed policy meetings impact the JPY and USD?

P.M. Edition for Sept. 10. An Anthropic researcher who quit over concerns that AI is getting out of control has sparked a debate over whether the technology “could kill us all by the end of the decade.” WSJ tech writer and editor Sam Schechner discusses what people are afraid of when they talk about an AI doomsday. Plus, conflict in the Middle East heats up as Iran starts making ballistic missiles again. We hear from WSJ national security reporter Alex Ward about how Trump's advisers are raising the possibility that the war with Iran could continue for the rest of his term. And the bond selloff continues, with yields again hitting multiyear highs. We hear from Journal investing columnist Spencer Jakab about what's driving it–and how it's affecting stock markets. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On today's episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about how the market is reacting to the $6 billion Treasury debt announcement and how the Fed is weighing inflation ahead of its meeting next week. Related to this episode: Commodity inflation is hot, but Fed is still focused on core inflation HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Buy one, get one FREE tickets to the Mortgage Banking Summit on October 1st More info about HousingWire Top 5 Trending: GSEs open VantageScore 4.0 to all single-family lenders Commodity inflation is hot, but Fed is still focused on core inflation UWM drops high-balance LLPAs, extends Bullseye 90 pricing Who's running Real REMAX? The new leadership team takes shape Envoy Mortgage taps Chad Smith as CEO, deepens integration with PLACE Want more from Sarah? Don't forget to subscribe! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.

This week, we discuss the latest Employment Report, the Treasury's $6 billion repurchase operation, the rise in Treasury yields, intervention in the Japanese yen, the war in Iran, and widening CCC credit spreads. While equity markets have remained remarkably stable, bond markets have borne much of the strain from recent macroeconomic and geopolitical developments. Many observers hailed the latest nonfarm payrolls report as evidence of a resilient labor market, but the underlying figures were considerably less reassuring. Wage growth slowed, labor force participation remained depressed, and the number of long term unemployed continued to rise. Meanwhile, Treasury Secretary Bessent's $6 billion repurchase operation, three times the size of the most recent operations, did little to calm the bond market. The 30 year Treasury yield climbed to 5.3%, while the 10 year yield reached 4.84%. Mortgage rates followed, with the 30 year rate rising to 6.97%, adding further pressure to an already fragile housing market and, by extension, consumer spending. Geopolitical tensions provided another source of unease as Iran and the United States escalated their conflict, pushing oil above $100 a barrel and gasoline to $4.27 a gallon, its highest level in several months. Taken together, the week offered an increasingly stark contrast between the relative calm in equities and the mounting strains evident across bond and credit markets.

Scary bond market headlines – warnings of an impending financial crisis – have been in the news for weeks now thanks to a rise in U.S. Treasury yields. This market is the bedrock for much of the global financial system and changes in it can ripple across governments and companies and right into people's bank accounts.Scott Barlow is a columnist for Globe Investor. He explains the worry about the current rising bond yields, what's behind the increase and what kind of impact it may have on your life.Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Oil near $100, copper at a record, and the Fed still says 2%. Why the bond market breaks before the stock market does.

Brent crude is back above $100, diesel is closing in on $6 a gallon, and bond investors are testing whether Treasury Secretary Scott Bessent and Fed Chair Kevin Warsh can keep yields under control.Chuck Zodda and Paul Lane discuss why diesel prices could keep rising, how Treasury buybacks and Bessent's “I am the house” comments are being received by markets, and why next week's Fed meeting could become a defining credibility moment for Warsh. They also cover growing AI safety concerns after an Anthropic researcher quit over out-of-control fears, why adjustable rate mortgage headlines may be overstated, LIV Golf's bankruptcy filing, and Apple's expected foldable iPhone launch.

Former banker and financial commentator Satyajit Das spoke to ABC Business Daily about the potential for another major global financial crisis — a 'Bondmageddon'. Has the world become too dependent on cheap money, and will the AI boom become another fault line in the financial system?

New York Times' bestselling author Larry McDonald, founder of The Bear Traps Report, returns to The Julia La Roche Show to break down what he's hearing from the veteran investors in his network — and the shift he's watching in real time. Portfolio managers who spent two years as raging bulls have turned bearish on the financials and are quietly spending a slice of their gains on downside protection while volatility is cheap. McDonald walks through the mechanics of the data center financing boom: hundreds of billions in off-balance-sheet debt from the hyperscalers, the banks now holding that exposure, and the credit default swaps those same banks are buying on the Mag 7. He explains why he sees a late-2006 rhyme in private credit and the CCC market, why diesel prices could re-spark inflation over the next few CPI prints, and why the most crowded trade on Wall Street right now may be the bearish one on bonds. Plus: the "supernova" dynamic that turns a hot economy into a fast recession, why he's still long hard assets, and the one risk he thinks almost nobody is talking about.Thank you to our partners Augusta Precious Metals — To learn more, visit https://juliabuysgold.com/ or text “Julia" to 35052Monetary Metals - learn more at https://www.monetary-metals.com/julia/Links: How To Listen When Markets Speak: https://www.amazon.com/Listen-When-Markets-Speak-Opportunities-ebook/dp/B0C4DFVFNR Colossal Failure of Common Sense: https://www.amazon.com/Colossal-Failure-Common-Sense-Collapse/dp/B002IFLWMKTwitter/X: https://twitter.com/Convertbond Bear Traps Report: https://www.thebeartrapsreport.com/0:00 — Intro1:18 — A million books sold, and what the ideas dinners reveal3:07 — Where the smart money is shifting right now4:39 — How investors are buying protection: CDS, puts, VIX ETFs5:35 — Late cycle: data center financing and the Mag 7's cash burn7:00 — Meta's $30B off-balance-sheet financing and what banks did next8:22 — Why banks are buying CDS on the companies they lend to9:42 — Lehman Systemic Risk Indicators: CCCs, LQD, private credit11:00 — "You're manufacturing Bernie Madoffs": no business cycle, no cleansing12:21 — Midterms, the Treasury, and the DSA risk to the long end17:00 — Why inflation isn't as tame as it looks — diesel is the tell18:56 — Scott Bessent vs. the "faculty lounge" Treasury21:44 — The Google bond at 88, the Apple bond at 4923:39 — Are there hidden SVBs out there?25:55 — The contrarian trade: buying duration when everyone's bearish27:42 — What the bond market is signaling29:40 — Why the bad news is 80-90% priced in31:49 — The supernova effect and how recessions actually start33:06 — Hedging equities: puts on the financials at record price-to-book34:30 — Biggest under-the-radar risk36:00 — What he's still long: energy, coal, copper, gold miners37:22 — Where to find the Bear Traps Report

Bond markets around the world are under pressure, as investors sell bonds and demand higher returns to lend governments money.It's pushing up borrowing costs and the effects can flow through to the mortgages, bank loans and credit cards we rely on every day. So, what's driving the global bond sell off, and is the Trump administration's ballooning government debt to blame?Today, Justin Wolfers, professor of economics and public policy at the University of Michigan, explains what's happening in the bond market and what it means for your money.  Featured:  Justin Wolfers, professor of economics at the University of Michigan and founder of Platypus Economics 

What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuTailor Brands: Check out Tailor Brands to get started with your business today: https://bit.ly/TailorBrandsSeptQuince: Free shipping and 365-day returns at https://quince.com/impactpodElevenLabs: Book your demo at https://elevenlabs.io/impactpodIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription order.Horizon.ai: Go to https://horizon3.ai/IMPACTTHEORY and request your free NodeZero demo. No commitment required. Results in hours, not weeks.Butcherbox: Go to https://ButcherBox.com/IMPACT to get $20 off your first box, plus your choice of free ribeye, new york strip, or filet mignon in every box for a year — with free shipping alwaysQuo: ​​Try for free PLUS get 20% off your first 6 months at https://quo.com/impactThe team reacts to a clip from journalist Whitney Webb, who lays out a striking thought experiment about how a future financial crisis could unfold. Her scenario: a cyberattack on the banking system—whether real or manufactured—could let banks absolve themselves of blame for a crisis, consolidate power into a handful of "systemically important" institutions, and serve as a mechanism to onboard the public onto a new digital-currency paradigm. The chilling version: your money "disappears" in the hack, and you're told you can have the exact same amount back—but only in an approved digital dollar, stablecoin, or CBDC, with new conditions attached. You "voluntarily" accept the new system, but under extreme coercion. The host is careful and explicit throughout that this is Webb's thought experiment, not a claim she has evidence for—but he argues it's "distressingly plausible" given the real pressures on the system: mounting deficits, countries moving away from US debt, gold supplanting the dollar in central-bank reserves, Japan's yen troubles, and the Treasury's genuine push (via stablecoins) to create new appetite for US debt. He uses it as a launchpad for his central thesis: that fear is how free societies get talked into handing government ever more authoritarian control, that "there's always a danger on the horizon" to justify it, and that America should deliberately run the opposite experiment—putting freedom first and being willing to pay a price for it—because politicians are downstream of what the public rewards. The conversation also covers Mayorkas's "kill-where" cyber-threat warnings and a lengthy, deliberately even-handed tangent on Elon Musk—pushing back on the "he's just a government front" framing while flagging genuine conflict-of-interest concerns and arguing the real accountability target is bias in AI systems like Grok, which can be tested and measured.The team dives into the genuinely alarming frontier of AI security—starting with a vivid analogy: The Manchurian Candidate, the 1962 film about a sleeper agent who acts normal until a trigger phrase activates him. The host explains that this is no longer fiction for AI: a study from Anthropic's alignment team, conducted with the UK AI Security Institute and the Alan Turing Institute (described as the largest data-poisoning investigation ever), found you can plant a "backdoor" in a large language model with as few as ~250 malicious documents—and, crucially, that number appears to stay static even as models scale to billions of parameters. That means a hijack that everyone assumed would require nation-state-level control of training data can be pulled off by planting a tiny fraction (~0.00016%) of the data, simply by seeding it on the open internet where models scrape their training material. He walks through why this is so dangerous, then details a real-world attack tracked by security firm Huntress: a "malvertising" campaign ("Fake Agent") that exploited the fact that users can publish their own pages on the Claude AI platform, letting attackers serve what looked like an official Claude desktop download that actually delivered a password-stealing remote-access trojan—reportedly compromising 29 organizations in two days and pulling the fake page ~7,100 times before it was caught. From there the conversation widens into the hard strategic picture: that AI is a genuine, present-day advantage (his own team replicated 60% of a game's functionality with a non-programmer and a handful of tokens), that pulling back out of fear just lets adversaries like China race ahead, that the US risks falling behind on the energy and manufacturing needed to compete, and that the only sane path is to clearly delineate "weapons-grade" AI from civilian AI—regulating the former like nuclear material while refusing to throw the baby out with the bathwater. He closes on how to actually use AI well: not as a novice extracting answers, but as a thought partner you steer from first principles.The team breaks down what the host calls a potentially dangerous rewriting of the entire global economic system—starting with the bloodbath in Japan, where the stock market reportedly shed a massive sum and the 10-year government bond yield hit 3% for the first time since 1996. He explains the mechanism most people miss: for decades, Japan held its interest rates artificially low with no inflation, creating the "yen carry trade"—investors borrowing cheaply in yen to buy higher-yielding assets worldwide, a hidden force that's quietly propped up global markets. Now that Japan finally has inflation, it can't defend those low rates or its weakening yen, and Treasury Secretary Scott Bessent—speaking from the G20—has been publicly pressuring the Bank of Japan to hike, telling CNBC he has information the market doesn't and that Japan will move toward a stronger yen. The host argues that unwinding the carry trade could force a global contraction, hitting anyone invested in markets or even just earning a wage, as investors sell assets to pile back into yen. He digs into why Japan is so exposed—it owns over 50% of its own debt, a reckless situation as rates climb—and explains "zombie companies" that only survive because borrowing is nearly free. Then he draws the uncomfortable parallel: the US, at roughly 130% debt-to-GDP and about to become the "buyer of last resort" for its own debt via the Treasury, is heading somewhere similar, with the central question being whether AI can generate enough real growth to outrun the debt before it implodes. The back half turns constructive: the host lays out what he sees as the only viable path—embracing AI rather than fighting it, building data centers "the right way" (crediting Ryan's approach of threading the needle so they're net-positive for the towns they're in), defining the line between "weapons-grade" and civilian AI, teaching people to use AI as a tool that empowers rather than dulls them, making real demands of an education system judged by its outputs, and letting students discharge loans in bankruptcy. A dense, sobering, but ultimately hopeful map of a genuinely precarious moment.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

#747: We have good news on multiple fronts to share about the job market, the stock market, the commodities market, and volatile news around the bond market. And we begin it with some great news coming out of Nepal. Welcome to the First Friday episode for September 2026. ⏱️ TIMESTAMPS Note: Timestamps may vary slightly depending on dynamic ad placements. (00:00) Rescued workers in Nepal (04:53) Strong August jobs report (10:14) Conflicting employment data (12:27) Strong jobs, weaker stocks (17:43) Why bonds matter more (23:17) Inflation drives Treasury yields (29:45) Hidden risks in bonds (36:50) Treasury buyback controversy (43:32) Liquidity versus warning signs

As our Scott Free month comes to a close, Kara is joined by MS NOW's Jacob Soboroff! They remember Gloria Steinem, discuss Apple caving to Trump over “Lake America,” and unpack the administration's escalating crackdown on mail-in voting. Then, they break down the global bond sell-off and George Santos getting a lifetime ban from Kalshi.Watch this episode on the ⁠⁠Pivot YouTube channel⁠⁠.Follow us on Instagram and Threads at ⁠⁠@pivotpodcastofficial⁠⁠.Follow us on Bluesky at ⁠⁠@pivotpod.bsky.social⁠⁠Follow us on TikTok at ⁠⁠@pivotpodcast⁠⁠.Send us your questions by calling us at 855-51-PIVOT, or email pivot@voxmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Yields on U.S. Treasuries continued to rise this week, climbing near a 20-year high. There are many reasons why this is happening but the main driver of this run-up is inflation. As the cost of government borrowing keeps creeping up, it will trickle down to everyday Americans, impacting all kinds of consumer debt. WSJ's Jack Pitcher breaks down what's behind the bond market volatility. Jessica Mendoza hosts. Further Listening: - Let's Talk Bonds. Treasury Bonds. - The Economy Is Booming. Why Does It Feel Like a Bust? Sign up for WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The bond market is getting restless. What rising yields, $40 trillion in debt, AI spending, and Scott Bessent reveal about the price of money. Read More: www.WhoWhatWhy.org

The Bond Market is selling the USA… we'll explain it using brunch with your buds.Vanderbilt & Villanova University are both expanding right now… thanks to the Pope, the Knicks, and our takeaway.The MLB hired a guy who knocked off their baseball app… It's a lesson on how to get promoted.Plus, non-alcohol beer is not necessarily non-alcoholic… so Heineken got sued.$SPYGrab your Tickets to the IPO Tour: Our In-Person OfferingSan Francisco 9/23: https://www.ticketmaster.com/event/1C0064AFB5F688BDBoston 10/14: https://tickets.citywinery.com/event/tboy-the-ipo-tour-in-person-offering-8cdhupSeattle 11/4 (21+): https://www.axs.com/events/1446394/the-best-one-yet-ticketsNEWSLETTER:https://tboypod.com/newsletter OUR 2ND SHOW:Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/NEW LISTENERSFill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/ About Us: The daily pop-biz news show making today's top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell. Hosted on Acast. See acast.com/privacy for more information.

This week, Emily Bazelon, John Dickerson, and David Plotz discuss how a narrow Supreme Court majority used aesthetic standing to greenlight Trump's ballroom construction, why bond yields are rising around the world and how that impacts everyone with guest Jason Furman, and how the extradition showdown between Texas and Minnesota over an ICE officer involved in a shooting betrays fraying relations among the states.Here are this week's chatters: Emily: Does Cutting Flower Stems Underwater Really Help?; Rachel Feltman for The Washington Post: How to keep fresh cut flowers from dying (with science) John: Crime and Punishment by Fyodor Dostoevsky; Line of Duty on Rotten Tomatoes; The Economist: What Democrats—and Republicans—can learn from Raphael Warnock; Lia Picard for Huffpost: The Hidden Health Benefits Of Eating Leftovers For Breakfast David: Simon Ducroquet and John Ismay for The New York Times: The Logistics Nightmare Facing U.S. Warships; The Last Ship on Netflix Listener chatter from Daniela Koontz in Houston, Texas: Anthropeum For this week's Slate Plus bonus episode, Emily, John, and David discuss Army secretary Dan Driscoll's resignation as the latest high-level Army official to run afoul of Pete Hegseth, whether Hegseth is capable of leading the military through a moment of real strain, and the increasing leaks from inside the Pentagon. In the latest Gabfest Reads, David Plotz talks with John Lanchester about his new novel, Look What You Made Me Do, a darkly funny psychological thriller about two couples in modern-day London whose lives collide in a story of infidelity, obsession, and revenge. The book explores the performance of niceness, class, intergenerational frictions and how technology makes vengeance not just possible but almost exceedingly easy in the modern age. Email your chatters, questions, and comments to gabfest@slate.com. (Messages may be referenced by name unless the writer stipulates otherwise.) Podcast production by Nina Porzucki Research by Emily DittoYou can find the full Political Gabfest show pages here. Want more Political Gabfest? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Political Gabfest show page on Apple Podcasts and Spotify. Or visit slate.com/gabfestplus to get access wherever you listen. Find out more about David Plotz's monthly tours of Ft. DeRussy, the secret Civil War fort hidden in Rock Creek Park. Follow@SlateGabfest on X / https://twitter.com/SlateGabfestSlate Political Gabfest on Facebook / https://www.facebook.com/Gabfest/Need to set up your Slate Plus feed? If you subscribed through Slate.com, check out our FAQ at slate.com/podcastfaqs for easy instructions. Members subscribed via Apple Podcasts get automatic access—no setup required. Hosted on Acast. See acast.com/privacy for more information.

This week, Emily Bazelon, John Dickerson, and David Plotz discuss how a narrow Supreme Court majority used aesthetic standing to greenlight Trump's ballroom construction, why bond yields are rising around the world and how that impacts everyone with guest Jason Furman, and how the extradition showdown between Texas and Minnesota over an ICE officer involved in a shooting betrays fraying relations among the states.Here are this week's chatters: Emily: Does Cutting Flower Stems Underwater Really Help?; Rachel Feltman for The Washington Post: How to keep fresh cut flowers from dying (with science) John: Crime and Punishment by Fyodor Dostoevsky; Line of Duty on Rotten Tomatoes; The Economist: What Democrats—and Republicans—can learn from Raphael Warnock; Lia Picard for Huffpost: The Hidden Health Benefits Of Eating Leftovers For Breakfast David: Simon Ducroquet and John Ismay for The New York Times: The Logistics Nightmare Facing U.S. Warships; The Last Ship on Netflix Listener chatter from Daniela Koontz in Houston, Texas: Anthropeum For this week's Slate Plus bonus episode, Emily, John, and David discuss Army secretary Dan Driscoll's resignation as the latest high-level Army official to run afoul of Pete Hegseth, whether Hegseth is capable of leading the military through a moment of real strain, and the increasing leaks from inside the Pentagon. In the latest Gabfest Reads, David Plotz talks with John Lanchester about his new novel, Look What You Made Me Do, a darkly funny psychological thriller about two couples in modern-day London whose lives collide in a story of infidelity, obsession, and revenge. The book explores the performance of niceness, class, intergenerational frictions and how technology makes vengeance not just possible but almost exceedingly easy in the modern age. Email your chatters, questions, and comments to gabfest@slate.com. (Messages may be referenced by name unless the writer stipulates otherwise.) Podcast production by Nina Porzucki Research by Emily DittoYou can find the full Political Gabfest show pages here. Want more Political Gabfest? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Political Gabfest show page on Apple Podcasts and Spotify. Or visit slate.com/gabfestplus to get access wherever you listen. Find out more about David Plotz's monthly tours of Ft. DeRussy, the secret Civil War fort hidden in Rock Creek Park. Follow@SlateGabfest on X / https://twitter.com/SlateGabfestSlate Political Gabfest on Facebook / https://www.facebook.com/Gabfest/ Hosted on Acast. See acast.com/privacy for more information.

What's up, guys? Today I am bringing you an absolute must-listen conversation with Felix Prehn. Felix is a renowned investor and financial educator, and the founder of Felix & Friends and The GOAT Academy on YouTube—a guy who is obsessed with teaching people how money actually works. Felix has built a global following by breaking down the mechanics behind money printing, debt, inflation, and the moves happening right now in the bond market that are going to impact every dollar you've ever made or saved.I wanted to talk to Felix because, to be straight with you, we are living through a radical shift in the economy, and most people have no idea how deeply it affects their future. Felix cuts through the noise and tells it like it is—who is going to get crushed by inflation, why hard assets are your defense, and how to spot the difference between growing your wealth and just getting decimated by printed money.In this episode, you're going to walk away knowing exactly why the US and Japan are on a collision course with reality, what happens when governments play games with their own debt, and most importantly, what you can do right now to protect and build real financial security for you and your family. If you care about your financial future—and you should—this episode is mission critical.If you get value out of this, drop us a review—it's the best way you can help us reach more people who are hungry to reach their greatest potential. I'm Tom Bilyeu, and welcome to Impact Theory.What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuTailor Brands: Check out Tailor Brands to get started with your business today: https://bit.ly/TailorBrandsSeptQuince: Free shipping and 365-day returns at https://quince.com/impactpodElevenLabs: Book your demo at https://elevenlabs.io/impactpodButcherbox: Go to https://ButcherBox.com/IMPACT to get $20 off your first box, plus your choice of free ribeye, new york strip, or filet mignon in every box for a year — with free shipping alwaysQuo: ​​Try for free PLUS get 20% off your first 6 months at https://quo.com/impactShopify: Sign up for your free trial period at https://shopify.com/impactNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A big sell-off in the global bond market has pushed borrowing costs to their highest point in years. The Wall Street Journal's Chelsey Dulaney explains what it means for your money. Iran and the U.S. are trading military blows again after a lull in fighting. The Associated Press reports on how Tehran has accused the U.S. of striking a wedding party. People in the U.S. are dying from heat much more often than official counts show, according to an investigation by NPR. The broadcaster’s Alejandra Borunda joins to discuss the story. Plus, jurors in the Lindsay Clancy trial said they are still deadlocked, the USS Abraham Lincoln arrived at a Thai resort after a record deployment, and the NBA delivered its biggest-ever punishment to the Los Angeles Clippers. Today’s episode was hosted by Gideon Resnick.

This week, Emily Bazelon, John Dickerson, and David Plotz discuss how a narrow Supreme Court majority used aesthetic standing to greenlight Trump's ballroom construction, why bond yields are rising around the world and how that impacts everyone with guest Jason Furman, and how the extradition showdown between Texas and Minnesota over an ICE officer involved in a shooting betrays fraying relations among the states.Here are this week's chatters: Emily: Does Cutting Flower Stems Underwater Really Help?; Rachel Feltman for The Washington Post: How to keep fresh cut flowers from dying (with science) John: Crime and Punishment by Fyodor Dostoevsky; Line of Duty on Rotten Tomatoes; The Economist: What Democrats—and Republicans—can learn from Raphael Warnock; Lia Picard for Huffpost: The Hidden Health Benefits Of Eating Leftovers For Breakfast David: Simon Ducroquet and John Ismay for The New York Times: The Logistics Nightmare Facing U.S. Warships; The Last Ship on Netflix Listener chatter from Daniela Koontz in Houston, Texas: Anthropeum For this week's Slate Plus bonus episode, Emily, John, and David discuss Army secretary Dan Driscoll's resignation as the latest high-level Army official to run afoul of Pete Hegseth, whether Hegseth is capable of leading the military through a moment of real strain, and the increasing leaks from inside the Pentagon. In the latest Gabfest Reads, David Plotz talks with John Lanchester about his new novel, Look What You Made Me Do, a darkly funny psychological thriller about two couples in modern-day London whose lives collide in a story of infidelity, obsession, and revenge. The book explores the performance of niceness, class, intergenerational frictions and how technology makes vengeance not just possible but almost exceedingly easy in the modern age. Email your chatters, questions, and comments to gabfest@slate.com. (Messages may be referenced by name unless the writer stipulates otherwise.) Podcast production by Nina Porzucki Research by Emily DittoYou can find the full Political Gabfest show pages here. Want more Political Gabfest? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Political Gabfest show page on Apple Podcasts and Spotify. Or visit slate.com/gabfestplus to get access wherever you listen. Find out more about David Plotz's monthly tours of Ft. DeRussy, the secret Civil War fort hidden in Rock Creek Park. Follow@SlateGabfest on X / https://twitter.com/SlateGabfestSlate Political Gabfest on Facebook / https://www.facebook.com/Gabfest/ Hosted on Acast. See acast.com/privacy for more information.

Amidst rising inflation, ongoing wars in Iran and Israel, and the U.S. national debt climbing to a record $40 trillion, the global bond market is rattled.On Today's Show:Mary Childs, host of the talk show podcast Mary in America, author of The Bond King, and former co-host of Planet Money, explains why bond yields are so high right now and what it all means for the global economy—and for your wallet. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ryan and Emily discuss Iran hitting U.S. bases as Trump ramps up threats, global bond market chaos, resistance Dem humiliated by Ed Markey. Karishma Manzur: https://www.karishmaforsenate.com/ To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.com Merch Store: https://shop.breakingpoints.com/ See omnystudio.com/listener for privacy information.

Today's Headlines: The US launched strikes in the Strait of Hormuz for the second day in a row without saying what they were targeting, two more oil tankers got attacked, and JD Vance's Yale buddy Dan Driscoll quit as Army Secretary after Hegseth got paranoid about their friendship and blocked Driscoll's plans to modernize the Army for drone warfare — so the guy who wanted to prepare for the future of war got pushed out by the guy who built himself a salon at the Pentagon. On the financial beat, Global bond markets are selling off, US interest rates just hit a 20-year high, and what that means for you personally is that your credit card, mortgage, and car loan just got more expensive — thanks in part to the Iran war, oil prices, and everyone powerful being addicted to borrowing money. In other disturbing news, the Supreme Court ruled 5-4 that Trump can keep building his ballroom-bunker, with Roberts writing in his dissent that it's probably illegal but the lawsuit didn't have standing. A USPS whistleblower came forward saying the Post Office defied court orders while building Trump's mail ballot system, the voter list portal states need to use doesn't exist yet, and tens of thousands of ballots could get rejected as a result — Democrats responded with a strongly worded letter to the Post Office, yep, the Post Office. In things we can no longer safely ingest news, Horizon Organic chocolate milk was recalled across Walmart, Target, and Whole Foods for early spoilage, which is annoying but at least it's not glass. And finally, Republicans invented a "midterm convention" in Dallas where a photo with Trump costs $88,000 and a photo with JD Vance costs $35,000.  Resources/Articles mentioned: Axios: Why Army Secretary Dan Driscoll resigned NYT: Bond Sell-Off Threatens to Squeeze Borrowers Around the World WSJ: Trump Says Communities That Oppose Data Centers Risk Becoming ‘Backwards and Poor' Axios: Supreme Court allows Trump's ballroom construction to proceed Axios: USPS whistleblower warns new ballot system could fail USA Today: Nearly 54K cases of chocolate milk recalled. See affected products WSJ: An $88,600 Photo With Trump: GOP Hopes to Raise Millions During Convention Subscribe to the Betches News Room and join the Morning Announcements group chat. Go to: betchesnews.substack.com Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

Why is the U.S. Treasury planning to buyback at least double the number of long-dated government bonds it usually does? And will Treasury Secretary Scott Bessent's buyback plan pit him against both the bond markets and the Federal Reserve? Today we explain what the Treasury's up to and what it means for you. Fact checking by Sierra Juarez.Your Next Listen —Bond vigilantes. Who they are, what they want, and how you'll know they're comingConnect with The Indicator — Sign up for The Indicator's weekly newsletter! — Buy the Planet Money book — Find our socials, YouTube and more! — For sponsor-free episodes, subscribe to NPR+ Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show's perks include sponsor-free listening. Learn more at plus.npr.org.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

Krystal and Saagar discuss a top army official resigns amid feud with Hegseth, China screw you to Trump at SCO, bond markets in chaos, Trump attacks data center critics, Republicans panic over midterms. Hasan Piker: https://www.youtube.com/@HasanAbi To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.com Merch Store: https://shop.breakingpoints.com/ See omnystudio.com/listener for privacy information.

Welcome back to Impact Theory. In today's episode, I dive deep into the wild ride happening right now in the bond market and what it means for the future of the US dollar and the global economy. The conversation focused on the so-called “resource curse”—comparing America's role as issuer of the world's reserve currency to regions that failed to capitalize on their natural resources, and questioning if this privilege is actually a double-edged sword.One concept discussed is whether the benefits the US has reaped from dollar dominance have led us into fiscal irresponsibility and a dangerous dependence on selling money to the world instead of making real things at home. A key theme that emerged is how government strategies—like moving debt from long-term to short-term, flirting with yield curve control, and leveraging emerging tools like stablecoins—are designed to manage mounting debt but could have far-reaching consequences for people's savings, investments, and the country's economic future.The discussion explored how inflation, rising interest payments, and global moves away from the dollar are creating new risks and uncertainties, especially for retirees and ordinary investors. Several points were raised, including the critical impact of trust in US debt, the erosion of manufacturing capacity, and whether these fiscal maneuvers are buying time or simply delaying a reckoning. Get ready for a no-holds-barred look at what's happening behind the scenes—because understanding these moves is key to protecting your personal and financial future.What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuTailor Brands: Check out Tailor Brands to get started with your business today: https://tailorbrands.go2cloud.org/aff_c?offer_id=129&aff_id=9505&aff_sub2=septemberQuince: Free shipping and 365-day returns at https://quince.com/impactpodElevenLabs: Book your demo at https://elevenlabs.io/impactpodButcherbox: Go to https://ButcherBox.com/IMPACT to get $20 off your first box, plus your choice of free ribeye, new york strip, or filet mignon in every box for a year — with free shipping alwaysQuo: ​​Try for free PLUS get 20% off your first 6 months at https://quo.com/impactShopify: Sign up for your free trial period at https://shopify.com/impactNetsuite: For the first time ever you can try NetSuite Next for free. If your revenues are at least in the seven figures, go to https://NetSuite.ai/Theory.Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Pique: 20% off at https://piquelife.com/impactbond market, US dollar, reserve currency, Scott Bessent, de-dollarization, national debt, Treasury bonds, interest rates, gold reserves, inflation, fiat currency, fiscal policy, austerity, resource curse, US manufacturing, financial repression, yield curve control, stablecoins, short-term debt, long-term debt, central banks, global financial system, economic growth, budget deficit, Treasury General Account, asset prices, capital flight, US Treasury auctions, foreign central banks, purchasing powerSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

As the Trump administration prepares a push to investigate supposed voter fraud, a whistleblower is outlining a “sh*t show” at the US Postal Service. A global bond selloff is sparking financial fears. A Democratic Senate Primary in Massachusetts is highlighting a generational divide. A report finds nearly 1 in 3 women aged 21 to 29 have never received a cervical cancer screening. And a former Congressman gets a lifetime ban from a major prediction market, while an aspiring lawmaker admits she bet on her own campaign. Learn more about your ad choices. Visit podcastchoices.com/adchoices

If you've been following the financial news lately, you may have noticed something unusual: the bond market is getting a lot of attention.After a year of tariff shocks, interest-rate whiplash, tax policy changes and persistent questions about inflation and the national debt, bonds have moved from the financial pages into the broader economic conversation. And whenever markets get nervous about where the economy, inflation or government borrowing may be headed, attention tends to turn pretty quickly to the bond market.Because this isn't just Wall Street inside baseball.The bond market influences the interest rate on your mortgage. It influences how much the federal government pays to borrow money. It affects companies trying to finance everything from infrastructure to AI data centers. And it can offer some important clues about how investors are feeling about inflation, growth, recession risk and even the creditworthiness of the United States.So perhaps it's time we understood bonds a little better.And I have to admit, after more than a decade of hosting So Money, I don't think we've ever dedicated an entire episode to them.Today, we are fixing that.My guest is Robin Wigglesworth, one of the financial journalists who has been covering these markets up close for years. Robin is an editor at the Financial Times, where he leads FT Alphaville, its influential markets and finance blog. He's also the author of Trillions, his acclaimed history of the index-fund revolution and the rise of passive investing and ETFs.His new book is called A Fabulous Debt: The Epic Story of How Bonds Built the Modern World, and it comes out September 22.And I should emphasize: this is not a book about how to build a bond portfolio.Robin has written essentially a people's history of the bond market — and somehow made bonds genuinely entertaining. The story begins in Venice in 1171, takes us through Amsterdam and the development of modern finance, and brings us to America and Alexander Hamilton, whose decisions about government debt helped establish the creditworthiness of the young United States.Robin's larger argument is that we tend to think the stock market is the star of the financial system, when really the bond market is the foundation underneath it. In fact, as he tells me in our conversation, bonds are the “bedrock that the entire house rests upon.”We talk about what the 10-year Treasury yield can tell you about the economy — and why it matters more to mortgage rates than many people realize. We talk about America's nearly $40 trillion national debt and the big question: At what point does all of this borrowing actually become a problem?We also get into something I found fascinating: bonds have quietly financed some of the biggest transformations in modern history. Railroads. Canals. Telecommunications. The internet. And now, potentially, the enormous buildout of artificial intelligence.There are also fraudsters, scoundrels and some truly wild financial schemes along the way — including one man who essentially invented an entire country so he could sell its bondsLearn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

Learn the 3 Contrarian Steps to Protect & Grow Your Wealth During the Biggest Financial Bubble in History (The AI Bubble) sign up herehttps://rcp.georgegammon.com/registration---webinar Want the cheat code to protect and grow your wealth? Check out Rebel Capitalist Pro https://rcp.georgegammon.com/pro

What's up, everybody? It's Tom Bilyeu here:Want my help starting a business? Join me here inside Zero To FounderSign up for my AI Masterclass: AI MasterclassFOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuWOI EPISODES:FOLLOW LISA:Instagram: https://www.instagram.com/lisabilyeu/Twitter: https://twitter.com/lisabilyeuYouTube: https://www.youtube.com/womenofimpactTik Tok: https://www.tiktok.com/@lisa_bilyeu?lang=enCash App: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod*Cash App is a financial services platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card, Sutton debit flex card, and Bancorp debit flex card. Cash App Green features, Savings, Direct deposit, Round ups, Overdraft coverage and Discounts provided by Cash App, a Block, Inc. brand. Visit cash.app/legal/podcast for full disclosure.Quince: Free shipping and 365-day returns at https://quince.com/impactpodWhatnot: Download the Whatnot app today and get free shipping on your first order.Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderEthos: Get a free quote at https://ethos.com/impactIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact ATT Business: Switch to AT&T Business at https://business.att.comPique: 20% off at https://piquelife.com/impactThe team dissects the viral Konstantin Kisin vs. Steve Keen debate—both former Impact Theory guests—on the central climate question of our time: is the answer to use less and shrink (de-growth), or to innovate our way forward? The host, who knows both men and calls them smart and well-intentioned, explicitly urges viewers not to pick a side and dismiss the other as stupid, but to find the one factual disagreement worth reasoning from. His own position leans hard toward innovation: drawing on Matt Ridley's The Rational Optimist, he argues that 80,000 years of human progress make "it all ends now" an irrational bet, that we've innovated our way out of every prior crisis, and that de-growth—especially any talk of reducing world population—would trigger economic collapse that causes far more suffering than the problem it aims to solve. He respects Steve Keen's economic mind but argues Keen has essentially "given up," wishing we'd listened to engineers 50 years ago rather than charting a path forward now. He reframes the climate fight around tradeoffs the doom narrative ignores: citing Bjørn Lomborg's "it's real but overstated, and the solutions can be worse than the disease" framing, the roughly 140,000-plus annual heat deaths that air conditioning could prevent, and Jordan Peterson's warning about sacrificing today's actual poor for tomorrow's hypothetical poor. The conversation ranges across the East-vs-West Germany innovation contrast, a Peter Diamandis-style geoengineering thought experiment, why "politics is downstream of culture," and the host's more contested claim that climate panic often masks a desire for control and resentment—before ending on a speculative, openly-unsupported musing about the psychology behind who pushes it. A wide-ranging argument for optimism, first-principles thinking, and refusing to let "we're doomed" become the whole story.The team breaks down Treasury Secretary Scott Bessent's latest move to tame rising long-term bond rates—and why the bond market is likely to keep testing him. After Bessent doubled buybacks from $2B to $4B per round (which briefly knocked yields down before they rebounded past where they started), two off-the-record Treasury officials leaked to CNBC that the Treasury General Account—the government's roughly $1-trillion checking account at the Fed—could be tapped to buy bonds en masse. The host walks through why that's a bigger deal than expected: using cash to retire long-duration bonds without issuing new supply makes the debt "evaporate," and the market has, at least for now, believed the rumor enough to push the 30-year and 10-year yields down. But he's clear about the catch: the TGA isn't a magic war chest—every dollar in it was borrowed via prior auctions, so spending it down just defers the problem and eventually requires selling more debt, pressuring the curve again. He frames the backdrop honestly: $40 trillion in debt, ~123% debt-to-GDP, climbing interest costs, Japan (the largest buyer of US debt) in trouble, China dumping Treasuries while hoarding gold, and gold overtaking the dollar as the top central-bank reserve asset. His throughline is that there's no silver bullet, only tradeoffs, and the only real fix is growing the real economy—rising middle-class wages adjusted for inflation, GDP moving from ~1.2% toward 3–4%—rather than financial engineering. Absent that, he lays out the grim menu every over-indebted empire faces: austerity, default, or inflating the currency to shrink the debt (which quietly impoverishes everyone paid or saving in dollars), and warns that another Covid-scale inflation spike without real growth is how you get to "pitchforks." The conversation closes on a lengthy, contested tangent about immigration incentive structures, the Nordic model, and social trust—with the host explicitly noting the Nordic countries themselves say they aren't socialist. A dense, sobering economics breakdown.The team breaks down the escalating US-Canada trade war after Canada walked away from a deal that would have sharply lowered tariffs on several key Canadian industries. The host argues Canada is making a serious economic miscalculation—laying out the dependency math: roughly 78% of Canadian exports rely on US consumer markets, and exports make up about 33% of Canada's GDP, versus Canada representing only around 13% of US imports and a small slice of US GDP. In his read, that asymmetry means Canada has far more to lose, and pivoting toward China—geographically distant and, as he notes, a non-market economy—is a poor substitute. He digs into what actually broke the deal per PM Mark Carney: autos, French-language and cultural protections, and, most importantly, a US demand to restrict Canada's ability to sign independent trade deals with other countries (read: China), pointing to Canada's stated goal of a 50% export increase to China by 2030, Carney's January Beijing visit, and a flurry of mutual tariff cuts (including slashing Canada's 100% EV tariff to ~6%) as evidence of a rapidly warming relationship. But the host is pointedly two-sided: he says the US had understandable strategic reasons to push for guarantees, while blasting Trump's "51st state" rhetoric and bullying public posture as counterproductive—using it as a lesson he teaches entrepreneurs about always showing the other side how a deal is a win for them, and the human psychology of how people resist being forced into even things that serve their interests. He walks through the granular US demands (auto assembly, procurement, energy allocation, language laws) and their second-order effects, and closes on a contested hypothesis that Canada may be more ideologically aligned with China than the US. A dense, numbers-driven, deliberately even-handed breakdown of leverage, strategy, and a deal gone sideways.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A lot of things are on track to get more expensive. The U.S. Treasury market is the bedrock of the global economy. When yields on those Treasuries go up, mortgages, car loans and credit cards get more expensive, and it can hit the stock market, too. And yields have been going up – to levels we haven't seen consistently since before the Great Recession – inspiring some erratic and futile efforts from the Trump administration to push them back down. So why are yields creeping higher? What is the administration trying to do about it? And if this continues, what's in store for the economy? Robin Wigglesworth is the editor of the Financial Times blog Alphaville, a host of the podcast “The Story of Money” and the author of the forthcoming book “A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.” This conversation was recorded on August 24, 2026. Mentioned: “An Economic D-Day Is Coming for Iran” by Scott Bessent Book Recommendations: Barbarians at the Gate by Bryan Burrough and John HelyarThe Prize by Daniel YerginLords of Finance by Liaquat Ahamed Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com. You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.html This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair and Mary Marge Locker. Our senior engineer is Jeff Geld, with additional mixing by Aman Sahota. Our recording engineer is Aman Sahota. Cinematography by Marina King. Video editing by Kristen Williamson, Brandon Belk-Yee and Dani Dillon. Our executive producer is Claire Gordon. The show's production team also includes Marie Cascione, Annie Galvin, Kristin Lin, Emma Kehlbeck, Jack McCordick and Jan Kobal. Original music by Pat McCusker. Audience strategy by Shannon Busta. The director of New York Times Opinion Shows is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

President Trump is doubling down on economic pressure against Iran, threatening consequences for any country that provides a lifeline as Treasury Secretary Scott Bessent prepares to detail the plan next week.The Supreme Court is expected to weigh in on President Trump's White House ballroom project, which a lawsuit argues needed congressional approval and the administration is now framing the ballroom as a military complex.Investors sold off both stocks and bonds as the yield on government debt hit its highest level in nearly two decades, despite efforts by the Treasury to calm the market.Want more analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show's perks include sponsor-free listening. Learn more at plus.npr.org.Today's episode of Up First was edited by Rebekah Metzler, Emily Kopp, Mohamad ElBardicy and Alice Woelfle.It was produced by Paige Waterhouse and Nia Dumas.Our director is Kaity Kline.We get engineering support from Carleigh Strange. Our technical director is Eowyn Fain.And our executive producer is Jay Shaylor.(0:00) Introduction(1:54) Economic Warfare on Iran(5:47) White House Ballroom(9:44) Bond Market Warning SignsSee pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy