Should you be scared of the bond markets?

The UK and other governments owe a huge amount of debt, mostly to the rich, known as bonds. Changes in interest rates on these bonds can cause economic and political crises, as happened with Liz Truss. Gary explains how to understand these bond markets – and whether we can take back control from them.

CHAPTERS

00:00 Intro
02:00 What is a bond?
04:58 How do they work?
07:32 Why interest rates matter
12:43 Doom loop / debt spiral
18:16 What can we do?
21:55 Why do people buy bonds?
24:22 What do bond investors want?
29:45 Andy Burnham & Iran War
34:45 Why governments borrow
41:14 Wealth taxes and bond markets
51:38 The UK situation is dire
57:03 What happens next

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