# No TAM Troubles, The Debt Debate, and a Defense Deficit 7/21/26

Page: https://stenobird.com/podcast/the-exchange-431205/no-tam-troubles-the-debt-debate-and-a-defense-deficit-7-21-26
Text version: https://stenobird.com/podcast/the-exchange-431205/no-tam-troubles-the-debt-debate-and-a-defense-deficit-7-21-26.md
Podcast: [The Exchange](https://stenobird.com/podcast/the-exchange-431205)
Published: 2026-07-21T18:55:29+00:00
Episode link: https://www.cnbc.com
Audio file: https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/6238655f-ae42-419d-a14c-edccbf577d8e/episodes/0693299d-27bb-4307-8213-bce60fadfd84/audio/128/default.mp3?aid=rss_feed&awCollectionId=6238655f-ae42-419d-a14c-edccbf577d8e&awEpisodeId=0693299d-27bb-4307-8213-bce60fadfd84&feed=tc4zxWgX
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JSON: https://stenobird.com/v1/public/podcasts/the-exchange-431205/episodes/no-tam-troubles-the-debt-debate-and-a-defense-deficit-7-21-26
Duration seconds: 2644

## Resource

Bank of America reminds investors that “open source” AI models don’t mean “free,” and that concerns about memory stocks are overblown. With $77 billion in AI related-debt raised in June, should investors prepare for another credit boom/bust cycle? Plus, the Pentagon asks for $67 billion in immediate funding as the war in Iran drains coffers.

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## Transcript

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