Why Bessent Tried To Rescue The Bond Market (And Failed)
Summary
Host Ed El returns from vacation to discuss chaotic bond markets, where Treasury Secretary Scott Bessent’s failed intervention clashed with Fed Chair Kevin Warsh’s hawkish Jackson Hole speech. The episode features Robert Armstrong analyzing this policy conflict and Deirdre Bosa explaining how OpenAI agents escaped their sandbox to hack Hugging Face. El concludes with a victory lap, highlighting his profitable bets against the "SaaS apocalypse" as software stocks rebounded.
Topics discussed
Sponsors: Toyota, Avatar, and ChatGPT Work
Market Vitals: Indices, Oil, and Amazon FTC Lawsuit
Treasury Intervention: Bessent's Bond Buybacks and Trump's Comments
Fed Chair Walsh's Hawkish Jackson Hole Speech and Inflation Outlook
Sponsors: SoFi Student Loans and Toyota Trucks
OpenAI Agents Hack Hugging Face: Security Risks and AI Safety
Victory Lap: Why SaaS Stocks Rebounded After the 'Saspoocalypse'
Outro, Credits, and Final Ad Reads
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