08/09/2017: Stop worrying and love the bond market
Aug 9, 2017

08/09/2017: Stop worrying and love the bond market

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The headlines about fire and fury and escalation and threats and all that has happened the past 24 hours are alarming. No doubt about it. Without discounting the reality of what's going on, allow us to cut through the fear a little bit. Nothing in this economy reacts as viscerally to the news as the markets to. The bond market, in particular, is a refuge in times of uncertainty. And it's telling us to take a deep breath. We'll explain. Then: For the first time in 60 years, the U.S. is set to become a net exporter of natural gas. Now we need to get the infrastructure up to speed. Plus: Go ahead, cut the cord, see if cable companies care. 

Segments From this episode

Why the government believes seniors are paying $200 million more for drugs than they need to

Aug 9, 2017
Critics say a controversial program that provides hospitals with deep discounts is being abused.
FRANCK FIFE/AFP/Getty Images

What the bond markets are saying about North Korea

Aug 9, 2017
The headlines today have been a lot about fire and fury and escalation and threats from North Korea. One way to cut through the fear is to look at what financial markets are thinking — bond markets, in particular. They act as sort of a fact check on the news and the economy. And bond […]

Cable companies don’t mind if customers watch more streamed TV

Aug 9, 2017
You may have heard about Disney’s announcement that it’s going to launch its own streaming service. The company is ending a deal with Netflix and says it wants more control over its destiny. And as for cable, that service that “cord cutters” and “cord nevers” spurn, is another streaming service a problem for them? Maybe […]

People are "begging" for plus-size fashion

The change in the market has been driven by the community, writer Ashley C. Ford says.
A view of the crowd during the Glamour x Lane Bryant Collection Launch at Lane Bryant in New York City in 2016.
Bryan Bedder/Getty Images for Glamour

"South Africa's economy is in dire straits" with no short-term fix

Aug 9, 2017
In South Africa, there’s political disquiet this week along with economic discontent. The South African parliament tried and failed to oust President Jacob Zuma in a secret-ballot vote of no confidence. While the failure wasn’t a shock, the final vote was closer than it’s ever been, which has made Zuma’s critics more confident. Zuma is […]

What a West Coast gas terminal could mean for the Rockies

Aug 9, 2017
It would provide direct access to overseas markets. With a new administration in place, the project could be revived.
A liquefied natural gas importation terminal on the Isle of Grain, England.
Dan Kitwood/Getty Images

The headlines about fire and fury and escalation and threats and all that has happened the past 24 hours are alarming. No doubt about it. Without discounting the reality of what’s going on, allow us to cut through the fear a little bit. Nothing in this economy reacts as viscerally to the news as the markets to. The bond market, in particular, is a refuge in times of uncertainty. And it’s telling us to take a deep breath. We’ll explain. Then: For the first time in 60 years, the U.S. is set to become a net exporter of natural gas. Now we need to get the infrastructure up to speed. Plus: Go ahead, cut the cord, see if cable companies care. 

Music from the episode

Yesterday J Dilla
Det haster! Casiokids
Fantasy Mariah Carey
Dilettante St. Vincent
Dilettante St. Vincent