
Listen again - Bonds: Heroes or villains?
- Interview
- Business & money
With the cost of government debt reaching its highest for several decades, we're giving you another chance to hear our exploration of how the world became so dependent on bonds, those IOUs from governments and firms that helped build the modern economy. Bonds are often dismissed as a dull corner of finance, but behind the scenes they have played a central role in major economic dramas around the world. We hear about their history, how they have shaped companies and countries, and why some fear the bond market could trigger the next global meltdown. If...
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Is this episode right for you?
B2 · Upper-intermediate
Comfortable if you already follow TV news
- 92% of the words are B1 or easier.
- 156 words a minute: a natural pace.
- 96 harder words (B2 and up) in the whole episode.
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The opening of the episode. The whole transcript is in the player.
harder words (B2+)
This BBC podcast is supported by ads outside the UK. millions save billions on hidden fees. Be smart. Get wise. Visit wise.com. Tease and The the
how money and work impacts people around the world, please do subscribe to get the latest and enjoy my look at how bonds have changed the world. When I was asked to make a programme about bonds, I leapt at the chance. After all, I'm a huge fan of James Bond, the suave British spy who repeatedly saves the world,
I was wrong. These aren't the bonds with tuxedos and martinis. These are financial bonds, silent operators in the global economy. Like their fictional namesake, they've worked in the shadows, rarely noticed yet shaping the fate of nations. They've even played roles in wars and crises. But here's the twist. Today some economists see bonds not
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