Ed Zitron
speaker
12,703 appearances
63 recordings
10 series
first heard Dec 2024
last heard 5d ago
Ed Zitron’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 56 in all, peaking in Jul 2026 with 11.
Appearances
So the reason that US treasuries are going up, which means that the and just to explain to the audience and stop me if I mess this up, when people say that that the US ten year is going up, it means that people are selling off treasuries, which means that if you want to if you have a treasury that offers five percent, but the market wants five point five percent, that treasury you have at five percent is worth less.
Right.
That's correct.
So
It's the effective yield.
So just
Yeah.
Because you're competing with that, with what the market demands.
So just so I understand, hyperscalers are issuing so much debt that people are choosing it instead of US government bonds or at least saying, US government, I need you to compete with this.
Right.
And that is and I'm guessing that some of that is also not just a reflection of it's not a reflection of the US government's solvency so much as these people believe that US Treasuries won't pay as well over that period of time.
That's right.
And the thing is though, this kind of doesn't this have a kind of a doom loop to it though, because the US government as a result has to pay more on their interest.
They have to and interest is one of the US government's largest line items behind what like Medic Medicare, which it should do, military which should do less of, and I forget what the other uh s it's like social security in the other one.
But the point I'm making social services
But the point of
And that will keep going up, but as that interest rate goes up that the government is charging, future hyperscaler debt will be more expensive, which will get issued at a higher interest rate, which will push the US one up.
Yep.
Am I reading this correct?
This doesn't sound good.
Showing 21–40 of 12,703 · page 2 of 636
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