What's the Difference Between a Bond Market and a Credit Analyst?

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In the 19 seventies, when bill gros started in the bond market, it was literally just coop you had these bonds in the basements of could you explain that and how boring he as exactly? So bill gros's first job was as a credit analyst at a life insurance company. He thought it's boring a and then, sort of, by virtue of finding it boring, helped to invent the, you know, trading in bonds. And what does that look like now? The transition that he created is enormous.

Mary Childs is the co-host of NPR’s Planet Money & has been a business reporter for over a decade (Bloomberg News, Financial Times, Barron’s, Reuters). She's the author of “The Bond King”, a profile of Bill Gross & his bond management firm (PIMCO) which managed ~$2T at its peak.

Timestamps:

(00:00:00) - Intro
(00:00:48) - Meme Of The Week
(00:01:35) - Mary Child's Book: The Bond King
(00:05:09) - Stock Market vs Bond Market
(00:07:41) - Who Are The Lenders In The Bond Market
(00:09:12) - Bill Gross
(00:10:42) - Bonds Then vs Now
(00:16:37) - Bill Gross Motivation
(00:19:27) - Mary’s Take On Bitcoin & Crypto
(00:30:26) - Planet Money's Crypto Stories
(00:31:17) - Can Crypto Change The Bond Market?
(00:32:15) - Going Solo
(00:37:18) - How has the life of a story changed?
(00:39:55) - Planet Money
(00:41:51) - The Definition Of Recession
(00:45:24) - Podcasting: what you’d do differently with no restrictions
(00:48:18) - Joe Rogan + Long Pods
(00:51:14) - How NIA Boys Manage Information Flow
(01:01:01) - Mary’s 3 Fav Podcasts

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