Latest / Systemic Error Podcast
Your loans are getting way more expensive —and Trump just made it worse
REUTERS/Kevin Lamarque
The Bond Market Is Pricing Trump’s Disorder
The Damage Has an Author
Treasury yields are climbing, borrowing costs are rising, and the pain will travel directly into mortgages, car loans, student debt, and federal finances. The immediate backdrop described in the reporting is not mysterious: Donald Trump’s war in Iran has pushed oil above $107 a barrel, his tariffs have compounded inflation fears, and his promise of $5,000 checks to 270 million adults has advertised another potential $1.3 trillion shock.
Bessent Manages the Symptom
Treasury Secretary Scott Bessent tried…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.