The bond market is judge, jury and (sometimes) executioner
Notes de l’épisode
In this podcast, Hugh and Karen pick up on the latest political headlines from both Germany and the Middle East. They remind us why the economic implications are often far more sanguine than the political headlines would suggest, and why the bond market will act as the disciplining force, serving as judge, jury and sometimes executioner for bad politics and bad policies. The equity market, meanwhile, continues to ride the wave of economic resilience.