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Should you be scared of the bond markets?

2026-06-28 Education
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Garys Economics
Garys Economics
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Description

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 ––––––––––– JOIN OUR PATREON – https://patreon.com/garyseconomics GET MERCH – https://shop.garyseconomics.org/ DONATE – https://buy.stripe.com/7sYbIUaRp2Pafv0cYCdjO01 JOIN GARY'S MAILING LIST – https://subscribepage.io/garyseconomics GET THE TRADING GAME – https://www.penguin.co.uk/books/455809/the-trading-game-by-stevenson-gary/9781802062731 ––––––––––– Follow Gary on other channels: LINKEDIN – https://www.linkedin.com/company/garyseconomics SPOTIFY – https://open.spotify.com/show/2807p01KIe4RRFjRTB5o25 INSTAGRAM – https://www.instagram.com/garyseconomics TIKTOK – https://www.tiktok.com/@garyseconomics BLUESKY – https://bsky.app/profile/garyseconomics.bsky.social X – https://twitter.com/garyseconomics FACEBOOK – https://www.facebook.com/garyseconomics DISCORD – https://discord.gg/vqME6WsPd7 WEBSITE – https://www.garyseconomics.org

Top Comments (10)

@jakelumere 2026-06-28

The name is Bond, Gary Bond.

774 27 replies
@seanmorris1103 2026-06-28

What you are doing is so important and massively appreciated. keep fighting, keep teaching.

371 4 replies
@circularisnotthis 2026-06-28

We live in a goddamn oligarchy. And I don’t think anyone has the stomach and tenacity to destroy them.

123 14 replies
@Bringdrumsandbass 2026-06-28

Gary’s Economics is my Sunday digest. I love listening to you and how you explain how economics works. I wish I had learnt about this in school.

81 5 replies
@mrpaul5726 2026-06-28

Warren Buffett famously stated, "You absolutely never want to be in a position where tomorrow morning you have to depend on the kindness of strangers." Thats exactly the position we are in the Bond Markets lirerally control government spending limits and cost.

72 10 replies
@janerichards521 2026-06-28

My Sunday morning go to videos, Gary first then Barry’s Economics, thanks guys, happy days.

66 6 replies
@albertofabbri1543 2026-06-28

I don't live in the UK, but I really appreciate your videos. They're incredibly educational and yet easy to follow. I wish more people put as much effort into pushing for a fairer and more just society. Thank you so much, Gary.

43 1 replies
@orangetara4268 2026-06-28

Dear Gary, you are a gem! Excellent excellent info that I find finally sinking in to an ordinary person. Please don’t give up as it’s all coming to a tipping point soon. Palantir just paid 8% tax in the UK. We have given our country away for pennies. I don’t see any government bright sparks either able or willing to do the job. Being informed is essential and you’re doing a great job doing that, thank you 🙏

24
@AbyssDuelist24 2026-06-28

Wealth inequality significantly hinders democracy. People for some reason may choose to not care about wealth inequality, but everyone should care about the strength of their vote!

10
@Damarsh 2026-06-28

We were there for the premiere of your documentary. It’s hopefully going to get people talking when it’s on tv. Will promote it to people at work for sure.

10

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