Bonds started as a tool of the state, but quickly came to determine its fortunes. Today on the show, FT Alphaville editor Robin Wigglesworth joins us to talk about how bonds have overtaken banking as the engine of the economy, and why that might be good and why that might be dangerous. Also, we go short the soft landing and long Nintendo.

Links:

How bonds ate the entire financial system

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Read a transcript of this episode on FT.com


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