# Retail Sales Disconnect, Labor’s Lost Leverage, and Rising Hyperscaler Issuance

Page: https://stenobird.com/podcast/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/retail-sales-disconnect-labor-s-lost-leverage-and-rising-hyperscaler-issuance
Text version: https://stenobird.com/podcast/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/retail-sales-disconnect-labor-s-lost-leverage-and-rising-hyperscaler-issuance.md
Podcast: [Van Hesser's 3 Things in Credit - A KBRA Podcast](https://stenobird.com/podcast/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838)
Published: 2026-02-13T16:15:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/kbra981/episodes/Retail-Sales-Disconnect--Labors-Lost-Leverage--and-Rising-Hyperscaler-Issuance-e3f24iu
Audio file: https://anchor.fm/s/109cbc12c/podcast/play/115462174/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-1-13%2Fc654e7b2-6bc0-fff8-0e74-8342ca0ef5fc.mp3
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Duration seconds: 614

## Resource

This week, our 3 Things are: 1. Retail sales disconnect. It’s normalizing, but not as weak as the latest data. 2. Labor’s lost leverage. More of the economic spoils are going to capital—is that a bad thing? 3. Rising hyperscaler issuance. Massive new issue supply is forcing investors to rethink the status quo.

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## Transcript

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