Burnham’s Bond Gamble, Gavekal’s Turkish Play, and Gold’s Crowded Hedge

In this week’s Markets Wrap, hosts Merryn Somerset Webb and John Stepek weigh Greater Manchester mayor Andy Burnham’s bond-market remarks against fiscal reality, unpack financial services group Gavekal’s so-called “Turkish Portfolio” of equities, and consider gold’s role as a hedge in an increasingly crowded market.As always, questions and comments welcome at [email protected] omnystudio.com/listener for privacy information.