Six Hoover Dams for Nothing
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Six Hoover Dams for Nothing
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Dave Explains the Economy in Plain English — Ep. 012 — Wed Nov 11
Inflation came in "hotter than expected," the whole bond market sold off over it, everybody's betting the Fed hikes — and I promised you the number and nobody put one on my sheet, so I don't have it. Oil's back over $92 with diesel tankers stalled out on the water, Children's Place is filing bankruptcy with $881 million in debt and blaming babies, and SoftBank lost $7 billion reserving six Hoover Dams' worth of gas turbines for data centers that didn't show up. Gina in Evansville asked what "the market is down" means if you don't own stocks, and Melissa in Mishawaka asked about a skip-a-payment offer on her car.
Dave Scale: Fed/CPI 6 (holds) · Oil/diesel boats 5 (holds) · Children's Place 3 · SoftBank 2
Got a question for Dave? Email dave@daveexplainspodcast.com — Kev reads all of them.