5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78
Summary
Steve Eisman and Krishna Guha analyze the new Fed Chair Kevin Warsh’s rate hike, his rejection of forward guidance, and his supply-side economic philosophy. They discuss the surge in 10-year yields driven by AI investment, government deficits, and oil prices, as well as Treasury Secretary Scott Bessent’s ineffective bond buyback program. The episode concludes with a historical rating of previous Fed chairs, highlighting Bernanke’s crisis management and Powell’s successful soft landing.
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