The Meb Faber Show · Friday, September 11, 2026
Wigglesworth highlights the significant, often overlooked, influence of the bond market on political events. He points to instances where the bond market's reactions caused former US President Trump to pause policy decisions and directly led to the downfall of a UK prime minister within 50 days.
“And he had like two bad days on the bond market and Trump was like, okay, no, no, no. We'll put a pause on Liberation Day.”
“And the UK, the bond market managed to dump out a prime minister in 50 days.”
“And normally bond markets, we always think of it's like boring stuff. The stuff that should be functioning fine. Is where you hide when things are on fire elsewhere. Well, that's become a little bit more unsafe.”