Scotty Doesn't Know

Scott Bessent says he doesn't understand why oil prices are spiking. The guy standing between America and the River Styx is confused :) The cousins crack open a few cold ones this week and break down why the 30-year just hit a 20-year high - not debt, not deficits, just vibes. Atrocious ones. The lads cover the war in Iran, tweets about North Korea, and a bond market that's done playing along. Plus... are hyperscalers minting money or building the next great overbuild? And what does the Lakers sale have to do with any of this? Everything, obviously.

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Timestamps:

(00:00) - Beer And Banter

(01:02) - Treasury Buyback Shock

(04:15) - Why Yields Matter

(05:44) - Growth And Data Center Debt

(09:34) - War In Iran And Bad Vibes

(10:27) - Three Bond Selloffs Explained

(18:16) - Debt Deficits And AI Debate

(26:23) - China Models And AI Capex

(43:06) - Dollar Multipolarity Risks