

Why Bessent Tried To Rescue The Bond Market (And Failed)
Ed Elson is joined by Robert Armstrong to break down what’s been happening in the bond market and what he makes of Scott Bessent’s intervention. Then, Deirdre Bosa joins the show to unpack how OpenAI’s agents went rogue and whether or not it raises larger concerns for the industry. Finally, Ed shares his thoughts on…

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What people are saying
“@ProfGMarkets The second guest was actually inaccurate. The agents safety guards were literally turned OFF for benchmark maxing. This was reported by OpenAI and from the DwarkeshPatel (however anthropomorphic his essay was). If we give a ma…”
“The agents aren't smart, they're very simple loops. OpenAI built a hacking loop, gave it an LLM loaded with an encyclopedia of security exploits, gave it a goal, then turned it loose for days with no human oversight. The agent didn't "go ro…”
“It's wild how an entire segment of financial commentary and market programming relies on dissecting monetary policy, treasury operations, and economic trends. What gave me chills watching this breakdown is how Project Veilgate by Kaiven Mor…”
“8:16 why are we pretending Trump is saying something serious? His brain heard “intervention” so he said military. It’s not that complicated, the guy has dementia”
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