What podcasts say about Mike Leibowitz
Every statement, with the speaker, the exact quote and the moment it was said.
What Mike Leibowitz has said on podcasts
34 statements · 13 positive · 15 negative · 4 mixed · 2 neutral
- on Rising interest rates and non-AI companiesNegativeSep 26, 2026· Thoughtful Money with Adam Taggart
Rising rates will hurt most companies not yet benefiting significantly from AI, causing layoffs.
“ultimately rates went out, right? If rates just keep going up, ultimately they went out because most companies that are not involved, that are not reaping the benefits of AI, which is almost every company, right? I mean, there are very few that are really profiting right now, generating significant revenue from AI are going to suffer. And that's where layoffs occur.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 14:45
AI data-center construction has limited employment impact but significantly boosts reported GDP.
“A lot of it is just due to AI data center build out, which is very small. And it's not really impacting that many people, but it is showing up in the bottom line pretty significantly.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 15:27
Telecom fiber-optic investments eventually generated revenue but bankrupted many investing companies.
“It's the telecom fiber optic build out all over again that these companies spent a ton of money. And the revenue from that ultimately came. And those investments by those companies, many of which are bankrupt today, laid the groundwork for what we have today for this whole Internet network and ultimately for AI.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 18:58
Oracle is vulnerable because its substantial debt trades at junk levels.
“Oracle is potentially the one, you know, the one kind of problem because they do have a lot of debt. Their debt is trading at junk levels.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 20:36
Hyperscalers may reduce capital expenditure and data-center construction if revenue disappoints.
“they may just say, OK, we're getting ahead of ourselves. We're spending too much. We're not seeing a revenue. Let's hold off. Let's just build five data centers instead of seven. Right. Let's reduce our CapEx plans.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 21:28
Reduced hyperscaler spending is a major market risk over the next year or two.
“that I think is the biggest risk. for one of the big risks for the market in the coming, call it, year or two.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 21:46
Computing technology has repeatedly become smaller and more efficient under Moore’s law.
“We have proven over time, especially with computing, that we're able to reduce the size. This is Moore's law. We've been reducing the size and adding to the efficiency.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 23:03
More efficient computing could reduce data-center spending and leave existing facilities obsolete.
“all that money going into data centers just starts shrinking over time. It's less of an economic impact. It's better for those companies. But they may now have very outdated data centers that are just don't make sense.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 23:38
Core inflation excluding food and energy is the most useful inflation measure.
“I think you and I hate to say this because I always laugh at the Fed for saying it, but you really need to look at core inflation, exclude food and energy.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 42:09
Core inflation remains above the Federal Reserve’s 2% target.
“It's still above the 2% target.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 43:40
- on Federal Reserve response to oil-driven inflationNegativeSep 26, 2026· Thoughtful Money with Adam Taggart
The Federal Reserve cannot reduce oil-driven inflation without significantly harming the economy.
“oil is having a big impact. And that's a problem because it's a problem that the Fed can't fix without really harming the economy.”
Open the episode · Market Starting To Crack Under High Bond Yields? | WMR 9 24 26Listen at 43:45
A 5% ten-year Treasury yield could trigger concern or intervention across markets and policymakers.
“10-year bond yields at 5% is potentially a line in the sand for both the economy, the stock market, and definitely the Treasury and possibly the Fed.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 0:09
Ten-year Treasury yields may have limited further upside in the short run.
“In the short run, that may be our maximum upside in yield.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 0:24
Economic or stock-market weakness could cause interest rates and bond yields to decline.
“if the economy falters, the stock market falters, that could induce rates to start heading down, yields to start heading lower.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 0:29
Bond fundamentals historically drive bond yields.
“historically, fundamentals drive yields.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 2:15
Bond yields ultimately revert toward their fundamental drivers.
“Ultimately, price, or in our case, yield, comes back to fundamentals.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 3:12
Current bond-market fundamentals do not justify rising yields.
“the fundamentals driving the bond market don't warrant. rising yields”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 13:01
Long-run fundamentals indicate bond yields are already too high.
“the fundamentals that really in the long run set yields are telling you yields are already too high.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 16:17
Market-linked borrowing rates have risen 50–75 basis points.
“they've gone up significantly, 50 to 75 basis points.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 16:42
Large institutional investors will likely buy bonds aggressively near 5% yields.
“insurance companies, endowments, you know, they're the largest institutional money managers. will likely be willing to chomp at 5% to take it in.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 19:19
Falling stocks could redirect capital toward bonds for safety.
“if stocks start heading lower, some of that money say, you know what, I want the safety of bonds.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 20:01
A CAPE ratio around 41 implies near-zero equity returns over the next decade.
“CAPE is sitting at like 41, implying that returns for the next 10 years are going to be zero.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 22:23
Falling yields and stocks could let bondholders sell profitably and buy discounted equities.
“you have that free option to sell the bond. take your price profit and now buy stocks on sale.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 25:01
Good-quality corporate bonds can already provide yields of at least 5%.
“a lot of corporate yields are already over 5% because they're at a spread to treasuries. So you can easily get 5% in good corporate names.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 26:06
Buying ten-year bonds near 4.5% may be preferable with confidence yields will fall toward 2.5%.
“we buy, let's just hypothetically say the tenure at 450 versus 5%, but a lot more confidence that we're at 450 going to 250”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 28:52
Multiple Fed rate hikes could create a significant policy mistake.
“I think he runs the risk of a big policy mistake if they hike, especially if they hike multiple times.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 36:02
A no-hike decision could push ten-year Treasury yields to 5%.
“if he comes out and they do nothing, The market may say he's being weak on inflation, and that may be what gets 10-year yields to 5%.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 36:38
The Fed chair is unlikely to raise rates in September.
“I personally don't think he's going to raise rates this September.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 38:39
If the Fed hikes now, it will likely cut rates in 2027.
“I think that's most likely.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 40:24
AI will create both economic growth and disinflation, at different stages.
“I think the answer is, yes, it creates growth. And yes, it creates disinflation.”
Open the episode · Bonds To Reverse Soon As Yields Approach 'Line In The Sand'? Michael LebowitzListen at 43:22
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.