Richard Koo: How Excessive Corporate Debt Could Thwart Future Economic Growth

Richard Koo: How Excessive Corporate Debt Could Thwart Future Economic Growth

Richard Koo, chief economist at Nomura Research Institute, returns to Real Vision to update his framework on how key economic variables such cash, liquidity, savings, and debt have been impacted by the global recession. In this interview with Real Vision managing editor Ed Harrison, Koo applies to the current situation his noted theory of a "balance sheet recession" in which liquidity is ample, but the private sector nevertheless remains focused on paying down debt. Koo and Harrison analyze the interplay between the economic shutdown and economic growth. Lastly, Koo shares his views about quantitative easing, negative interest rates, central bank digital currencies, and ongoing efforts by central banks to stem the damage wreaked by the pandemic. Recorded on January 29, 2021 Key learnings: Koo thinks that the unprecedented interventions of central banks were necessary to meet the once-in-a-lifetime crisis of COVID-19. Like many, Koo expects that economic growth will pick up once pent-up demand is unleashed. However, after this spurt of economic activity, Koo thinks that the overhang of debt could cause a significant balance sheet recession that is contractionary and deflationary. For our Listeners : Checkout skillshare.com and learn a new skill. You can use a unique promo link skillshare.com/realvision Protect your portfolio and join 130,000 members by signing up at masterworks.io with promo code REAL VISION today to skip the waitlist. See important information at masterworks.io/disclaimer Checkout Jordan Harbinger Show @ https://www.jordanharbinger.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

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2021 Kickoff: Looking Through the Headlines with Mike Green: DB - Jan4, 2020

2021 Kickoff: Looking Through the Headlines with Mike Green: DB - Jan4, 2020

Mike Green kicks off the Real Vision Daily Briefing in 2021 with Real Vision’s Max Wiethe. Although markets sold off and volatility rose sharply, Mike was not particularly surprised by today’s price a...

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The Future of Crypto and the Next Generation of Blockchain ( w/ Olaf Carlson-Wee )

The Future of Crypto and the Next Generation of Blockchain ( w/ Olaf Carlson-Wee )

Recorded on October 8, 2020. Olaf Carlson-Wee, founder & CEO of Polychain Capital, joins Ash Bennington, Real Vision senior editor, to discuss Web3, decentralized finance, and the future of blockchain...

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Pinpointing Scams in the Gold Mining Industry (w/ Warren Irwin and Max Wiethe)

Pinpointing Scams in the Gold Mining Industry (w/ Warren Irwin and Max Wiethe)

Recorded on 17 August 2020. It's no secret that as of late, precious metals have become the talk of the town. Gold recently blasted through its all time high, while silver continues its seemingly unst...

3 Jan 202156min

Not in Kansas Anymore ( w/ Raoul Pal and Hugh Hendry )

Not in Kansas Anymore ( w/ Raoul Pal and Hugh Hendry )

Hugh Hendry, founder and former CIO of Eclectica Asset Management, joins Real Vision CEO, Raoul Pal, to re-imagine the future of money, credit, currency, and interest rates. The great predicament of t...

2 Jan 20211h 9min

Jeremy Grantham's Big Calls: Emerging Markets, Venture Capital, and the Green Revolution

Jeremy Grantham's Big Calls: Emerging Markets, Venture Capital, and the Green Revolution

Long-term investment strategist and co-founder of GMO Jeremy Grantham has made a name for himself as a bubble spotter. In this interview with Mike Green of Logica Capital Advisors, Grantham argues tha...

1 Jan 20211h 25min

Finding Relative Value Amid Credit Market Madness (w/ Boaz Weinstein and Ed Harrison)

Finding Relative Value Amid Credit Market Madness (w/ Boaz Weinstein and Ed Harrison)

Boaz Weinstein, founder and CIO of Saba Capital Management, made a name for himself at Deutsche Bank in the early days of credit derivatives. Since leaving to start his own fund he has continued to ma...

31 Dec 20201h 8min

Silicon Valley Innovation in the Covid Era (w/ Raoul Pal and Keith Rabois)

Silicon Valley Innovation in the Covid Era (w/ Raoul Pal and Keith Rabois)

Venture capitalist Keith Rabois, a general partner with Peter Thiel's Founders Fund, is widely known for his early-stage startup investments and his executive roles at PayPal, LinkedIn, and Square. He...

30 Dec 202055min

The Winklevoss Twins: Bitcoin Is The "Trade of the Decade" (w/ Raoul Pal)

The Winklevoss Twins: Bitcoin Is The "Trade of the Decade" (w/ Raoul Pal)

Tyler Winklevoss, CEO and co-founder of Gemini, and Cameron Winklevoss, president and co-founder of Gemini, join Real Vision CEO Raoul Pal to discuss how they first discovered Bitcoin, their explorati...

29 Dec 20201h 8min

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