Across developed markets, bond markets are staging a slow-motion car wreck. As Opinion columnist and senior markets editor John Authers puts it, the phenomenon is truly global. Authers and Robin J. Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, join host Stephanie Flanders to explain why investors have turned sharply against government bonds across the world’s major developed economies — and how the fallout could affect us all.

Read John Authers's column here: 
https://www.bloomberg.com/opinion/newsletters/2026-05-19/the-great-bond-car-wreck-in-slow-motion

And find Robin J. Brooks's substack here: 
https://robinjbrooks.substack.com/p/liz-truss-bond-market-blow-ups

Across developed markets, bond markets are staging a slow-motion car wreck. As Opinion columnist and senior markets editor John Authers puts it, the phenomenon is truly global. Authers and Robin J. Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, join host Stephanie Flanders to explain why investors have turned sharply against government bonds across the world&rsquo;s major developed economies &mdash; and how the fallout could affect us all. Read John Authers's column here:&nbsp; <a href="https://www.bloomberg.com/opinion/newsletters/2026-05-19/the-great-bond-car-wreck-in-slow-motion">https://www.bloomberg.com/opinion/newsletters/2026-05-19/the-great-bond-car-wreck-in-slow-motion</a> And find Robin J. Brooks's substack here:&nbsp; https://robinjbrooks.substack.com/p/liz-truss-bond-market-blow-ups

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

The Great Bond Car Wreck — in Slow Motion

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3bcc275d-80e7-45c2-8401-b450006b6f65/transcript

Almost a century after the Wall Street crash of 1929, Andrew Ross Sorkin says he believes some of its most dangerous ingredients are reappearing. Joining Stephanie Flanders on Trumponomics, the financial journalist and author of 1929: Inside the Greatest Crash in Wall Street History argues that today’s market is filled with “eerie parallels” to the late 1920s. These include a transformative new technology, a flood of retail investors and a growing willingness to loosen the rules.

Almost&nbsp;a century after the Wall Street crash of 1929, Andrew Ross Sorkin says he believes some of its most dangerous ingredients are reappearing. Joining Stephanie Flanders on Trumponomics, the financial journalist and author of 1929: Inside the Greatest Crash in Wall Street History&nbsp;argues that today&rsquo;s market is filled with &ldquo;eerie parallels&rdquo; to the late 1920s. These include a transformative new technology, a flood of retail investors and a growing willingness to loosen the rules.

Why 2026 Is Beginning to Look Like 1929 (with Andrew Ross Sorkin) 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e1d4b497-ee25-41f2-9f7f-b465014e8a3c/transcript

The idea of a “K-shaped economy” has become one of the most persistent themes about the US economy: While some households continue to thrive, in particular the wealthy ones, everyone else falls further behind. On this episode of Trumponomics, host Stephanie Flanders, Moody’s Analytics Chief Economist Mark Zandi and Bloomberg Economics’ Andrew Sacher explore whether that narrative is simply another way of describing that longer-term American phenomenon of inequality — or whether it points to a deeper vulnerability.

The idea of a &ldquo;K-shaped economy&rdquo; has become one of the most persistent themes about the US economy: While some households continue to thrive, in particular the wealthy ones, everyone else falls further behind. On this episode of Trumponomics, host Stephanie Flanders, Moody&rsquo;s Analytics Chief Economist Mark Zandi and Bloomberg Economics&rsquo; Andrew Sacher explore whether that narrative is simply another way of describing that longer-term American phenomenon of inequality &mdash; or whether it points to a deeper vulnerability.

Is the US Economy Dangerously Dependent on the Rich?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b76c1bf7-c73e-45ea-8bd9-b45e01629eaf/transcript

A Gallup poll reported last year that just 15% of Americans said they had a great deal or quite a lot of confidence in big business, a record low. Since then, fear of artificial intelligence has made matters worse. So why is big business increasingly unpopular in Donald Trump's America? What does it tell us about the state of the nation and the long-term strength of the world's largest economy? 

On this week's Trumponomics, host Stephanie Flanders explores those questions with Bloomberg Opinion global business columnist Adrian Wooldridge. He says the root of this malaise may be a US corporate culture that's shifted from genuine risk-taking entrepreneurship toward a mix of oligarchic tech elites and bloated bureaucracies, fueled by market concentration and declining competition. Later, Flanders and Wooldridge explore whether AI will in turn disrupt these dominant firms or further entrench their power — and what the backlash against tech could mean for politics, capitalism and American democracy.

A Gallup poll reported last year that just 15% of Americans said they had a great deal or quite a lot of confidence in big business, a record low. Since then, fear of artificial intelligence has made matters worse. So why is big business increasingly unpopular in Donald Trump's America? What does it tell us about the state of the nation and the long-term strength of the world's largest economy? On this week's Trumponomics, host Stephanie Flanders explores those questions with Bloomberg Opinion global business columnist Adrian Wooldridge. He says the root of this malaise may be a US corporate culture that's shifted from genuine risk-taking entrepreneurship toward a mix of oligarchic tech elites and bloated bureaucracies, fueled by market concentration and declining competition. Later, Flanders and Wooldridge explore whether AI will in turn disrupt these dominant firms or further entrench their power &mdash; and what the backlash against tech could mean for politics, capitalism and American democracy.

Why Is America Turning Against Big Business?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/852ebea5-c868-4be3-9417-b457015c5659/transcript

The Great Bond Car Wreck — in Slow Motion

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