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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Chamath Palihapitiya on SPACs, Bitcoin, and the New World of Finance ( w/Raoul Pal )

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William White, former central banker at the BoE, BoC, and BIS and senior fellow at the CD Howe Institute, has been a thorn in the side of his central banking colleagues for decades, questioning their ...

26 Dec 20201h 19min

The Controversial STABLE Act & Its Implications for Crypto

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Rohan Grey, president of Modern Money Network & doctoral fellow at Cornell Law, joins Santiago Velez, co-founder and R&D division lead for Block Digital, to discuss the controversial STABLE Act, the h...

24 Dec 20201h 24min

Ed and Ash's Holiday Send-Off: Looking Ahead to 2021

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Special Edition of Daily Briefing with Ash Bennington and Ed Harrison. They will answer audience questions, provide an update on what they're seeing in markets this holiday season, and look ahead to t...

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Taking Things in Stride: Stimulus, COVID-19, and Inflation: DB- Dec22, 2020

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Real Vision senior editor Ash Bennington joins Tony Greer of TG Macro to discuss the new fiscal package from Congress, the macro signals Tony has his eye on, and his outlook for the new year. Tony dis...

22 Dec 202027min

The Investment Portfolio that Grows and Preserves Wealth for 100 Years (w/ Jason Buck & Chris Cole)

The Investment Portfolio that Grows and Preserves Wealth for 100 Years (w/ Jason Buck & Chris Cole)

In the grand finale to “The Big Picture,” Jason Buck speaks to Chris Cole, founder and CIO of Artemis Capital. Chris is one of the sharpest players in the volatility space and has made his name by pla...

22 Dec 20201h 13min

When Market Ebullience Meets A Left Hook: DB- Dec21, 2020

When Market Ebullience Meets A Left Hook: DB- Dec21, 2020

Peter Boockvar, CIO of Bleakley Advisory Group, joins Real Vision editor Jack Farley to break down his market outlook as stimulus talks draw to a close and an alarming new strain of COVID-19 spreads t...

21 Dec 202038min

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