
Sign up to save your podcasts
Or


Tech stocks sold off yesterday on reports that OpenAI's run rate, a fictional accounting statistic that is not recognized by auditors or regulators, was $20 billion less than previously reported.
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
Another day, another AI debt story. This time it's Broadcom helping OpenAI to raise another $50 billion just a day after SpaceX announced their own $40B debt deal in a year that has seen AI companies tap debt markets for hundreds of billions even despite rapidly rising interest rates.
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
SpaceX is borrowing yet another $40 billion to buy Nvidia chips in a financing deal being led by Apollo, who had some interesting things to say about the risk of such debt just a few days ago.
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
Friday's decision by France to avoid a US export ban by releasing crude oil and diesel reserves has resulted in welcome respite for the global bond market and energy prices. But how long can it last?
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
The Ellison Family and the corporations they control have been on a debt bender for the last few years and it's starting to show in the bond and CDS markets as investors begin to wonder about their "Larry Ellison Risk." Making matters worse is the story of yet another Oracle datacenter being delayed by regulatory approval of the transmission lines that would power it.
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
The US economy added fewer jobs than expected in September combined with some big downward revisions to prior months. This has traders betting the Federal Reserve will not hike interest rates at their October meeting.
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
China has effectively banned diesel exports in the latest blow to global fuel inventories as the US is threatening to join in with it's own ban if Germany and France don't release their some of their own diesel reserves.
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
Oil is higher this morning despite some encouraging supply news out of Saudi Arabia after both Iran and the US planted their feet and refused to budge on their demands for ending the conflict.
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
French President Emanuel Macron says French soldiers, radar, and air defense systems will be deployed to Saudi Arabia to protect the vital oil port of Yanbu from Houthi attacks. Moments later he reassured the world that France was not getting involved in the conflict(?).
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
There was mayhem in global bond markets yesterday as investors punished US treasuries following a combination of higher energy prices, an inflationary PMI reading, and a disastrous 5 year bond auction. Meanwhile AI debt continues to compete with Uncle Sam for increasingly scarce liquidity.
Support the Channel on Patreon
Support the Channel by Buying Me a Coffee
Subscribe to Nobody Special on YouTube
From the publisher's feed
Ranked by our users in the last 21 days