Episode Details

Ben and Tom discuss producer prices coming in cooler than expected for a second straight month with headline PPI flat month-over-month and core PPI easing to 4.2% year-over-year, Tom's argument that interest rates remain too high given the $40 trillion national debt after the 10-year auctioned at the highest rate since 2007 and the 30-year approaching its highest since 2001, a breakdown of how portfolio management fees and retail margins are skewing the services component of inflation data, Lenovo surging 20% as AI-related revenue climbs to 35% of total revenue, and Lambda's new $926 million amortizing loan priced at 300 basis points over SOFR as an early example of asset-backed financing structures emerging to fund AI infrastructure buildouts.

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