Sec. Bessent's big plan to finance the national debt
Summary
This episode explores rising U.S. bond yields, with experts warning that shifting to short-term debt is risky financial engineering. It also covers the Bureau of Economic Analysis changing its inflation calculation method, which may lower reported rates. The program features a small business owner in Jackson, Wyoming, ahead of the Jackson Hole symposium, and discusses a surge in multifamily housing permits as renters face high costs. Finally, it highlights a viral adult summer camp and notes the federal debt surpassing $40 trillion.
Topics discussed
Odoo ad and Marketplace intro
Record high 30-year bond yields and market reaction
Treasury shifts to short-term debt to manage costs
New PCE inflation formula and its political implications
Jackson Hole symposium and small business challenges
Market numbers: Stocks down, Walmart earnings
Sponsor ads: Odoo, ShipStation, Wise
Rise in multifamily housing construction permits
Retail sales data and viral adult summer camp
US debt hits $40 trillion and closing remarks
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