2 chapters across the catalog
Treasury Secretary Janet Yellen insists the U.S. economy is "doing extremely well" and can "absolutely" afford to support wars in both Israel and Ukraine. She dismisses concerns from investor Paul Tudor Jones regarding the 122% debt-to-GDP ratio, claiming the federal figure is closer to 98%. The hosts deconstruct her comments on inflation, explaining that a "drop" in the inflation rate still means prices are rising cumulatively.
Hamilton Ticket Scam, Ponzi Scheme, Paul Tudor Jones
A group of bankers allegedly orchestrated a $81 million Ponzi scheme involving bulk purchases of tickets for the Broadway hit "Hamilton." High-profile investors, including billionaire Paul Tudor Jones, were ensnared by promises of 10% returns on ticket resales. Bloomberg reports that the ringleaders used new investor money to pay off old investors rather than purchasing the tickets as promised.
