Each week we reflect on key issues, drawn from a wide range of areas: economics, politics, the environment, matters of physical and/or spiritual life, and, often, the search for a more egalitarian form of capitalism — including opportunities for young people from all backgrounds to achieve their potential. We've published these commentaries as a written record since August 2017, and as an audio podcast since March 2022.
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Each week we reflect on key issues, drawn from a wide range of areas: economics, politics, the environment, matters of physical and/or spiritual life, and, often, the search for a more egalitarian form of capitalism — including opportunities for young people from all backgrounds to achieve their potential. We've published these commentaries as a written record since August 2017, and as an audio podcast since March 2022.
Visit https://shareradio.co.uk for more
Thought for the Week: Government Bond markets risk autumn meltdown
Hrkn to .. Thought for the Week
13 minutes
2 months ago
Thought for the Week: Government Bond markets risk autumn meltdown
If buyers of government bonds fear potential default, they require significantly higher yields to offset that risk. For bonds already issued, that means much lower prices — and big losses for holders, especially if the bonds are long-dated. For new bonds being issued, governments have to pay a much higher interest rate, significantly increasing their current deficit and requiring still more taxation. Governments can ask the International Monetary Fund to bail them out; if the IMF can help, it imposes stringent conditions on their economic and fiscal policies. The world has not been faced with multiple and concurrent defaults to date, and no-one knows how such a situation can be resolved.The United States, United Kingdom and France are approaching this black hole now, and need to make some urgent changes in policies to avoid it. Background music: 'Dark Alley Deals' by Aaron Kenny
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Hrkn to .. Thought for the Week
Each week we reflect on key issues, drawn from a wide range of areas: economics, politics, the environment, matters of physical and/or spiritual life, and, often, the search for a more egalitarian form of capitalism — including opportunities for young people from all backgrounds to achieve their potential. We've published these commentaries as a written record since August 2017, and as an audio podcast since March 2022.
Visit https://shareradio.co.uk for more
