An analysis of the impact of the recent rise in bond yields on the economy, including the implications for mortgage rates and other important figures.
Episode 162: Neal and Toby discuss how record bond sales are the biggest factor in the market right now and are a huge reason mortgage rates have skyrocketed. Plus, celebrities like Tom Hanks and MrBeast are warning people of AI deepfakes as technology advances and why Chicago might do away with tipping. And narrative violation! Millennials are actually financially better off than we would have thought. Oh, and bedbugs are stronger than ever before. Finally, if you wanna watch mean girls you can just hop on TikTok.