May 13, 2019· 30 min

What the Russian Revolution Can Teach Us About Bond Bubbles

Orality
Model
87%
Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostTracy Alloway(1,139 words)
M:94%
HostJoe Weisenthal(1,214 words)
M:94%
GuestHassan Malik(2,665 words)
M:26%

Oral Indicators

Agonistic42%
very, certainly, incredible
Engagement46%
you, our, your
Memory Aids100%
listen, so, now
Repetition100%
really (43x), debt (42x), about (41x)
Parallelism99%
So why would I pay for stuff I..., And I'm Jo Wasenthal...., So, Jo, I think, oh, I'm tryin...
Sound Patterns54%
29 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases11%
you know what, i mean, so to speak

Literate Indicators

Hedging13%
maybe, probably, apparently
Passive Voice11%
was considered, are repurposed, be seen
Abstract Nouns26%
investment, business, verizon.com/business
Subordination6%
because, though, until
Sentence Length58%
Avg: 19.4 words/sentence
Word Complexity49%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style54%
250 personal pronouns found
Descriptive Style100%
exactly, apply, monthly

Description

When talking government bond defaults, plenty of people think of Argentina and Greece. But the biggest sovereign debt default of all time was arguably Russia’s repudiation of debt in 1918, after the Bolshevik revolution. In this episode, we speak to Hassan Malik, an emerging markets analyst and author of ‘Bankers and Bolsheviks,’ about how the Russian debt bubble developed and then crashed. He explains why Western investors thought Russian debt was a safe bet right up until the eve of the Soviet debt repudiation. See omnystudio.com/listener for privacy information.