June 11, 2018· 31 min
The Inventor Of 'Bond Vigilantes' Explains Why They Just Showed Up In Italy
Orality
Model
86%
Highly oral (epic poetry, sermons, hip-hop)
Speaker Breakdown
HostJoe Weisenthal(1,222 words)
M:29%
HostTracy Alloway(1,261 words)
M:28%
GuestEd Yardeni(2,731 words)
M:28%
Oral Indicators
Agonistic31%
certainly, absolutely, basically
Engagement63%
you, our, your
Memory Aids100%
listen, now, well
Repetition100%
bond (67x), market (48x), it's (35x)
Parallelism100%
And I'm Joe Weisenthal...., And I have to say, if you're i..., But that I think that's probab...
Sound Patterns43%
24 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases7%
i mean, so to speak
Literate Indicators
Hedging17%
might, could, probably
Passive Voice10%
being punished, are concerned, were concerned
Abstract Nouns24%
investment, journalism, question
Subordination11%
because, until, while
Sentence Length43%
Avg: 15.8 words/sentence
Word Complexity48%
investment, analyze, anticipate
Academic Markers5%
as demonstrated
Impersonal Style37%
346 personal pronouns found
Descriptive Style100%
actually, probably, certainly
Description
Longtime market analyst Ed Yardeni came up with the term "Bond Vigilantes" to describe the way bond market participants can punish governments who run economically irresponsible policies. When Yardeni used it in the 80s, it referred to US fiscal policy that was thought to be inflationary. Now the bond vigilantes are back, but this time they're in Italy. On this week's podcast, Yardeni explains the history of the term, what's going on now, and how interest rates can be used to model stock market valuations. See omnystudio.com/listener for privacy information.