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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Adventures in Finance 35 - Observations and Interpretations: Jim Grant

Adventures in Finance 35 - Observations and Interpretations: Jim Grant

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Adventures in Finance 34 - Jim Rogers: The Investment Biker Rides Again

Adventures in Finance 34 - Jim Rogers: The Investment Biker Rides Again

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Adventures in Finance 33 - Keys to the Kingdom: Inside the Beautiful Mind of Hugh Hendry

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Always candid, often hilarious, Hugh talks openly about his experience in 2008 when his fund returned nearly 50% as markets melted down around him, about the fear he confronts every time he puts on a ...

15 Sep 20171h 21min

Adventures in Finance 32 - Season 2 Premier:  KYLE BASS

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Season 2 of Adventures in Finance kicks off with Kyle Bass joining Grant for this week’s entire episode. Kyle shares some of the Defining Moments of his life and explains how they shaped him. He tells...

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Adventures in Finance - 2017 Summer Series 5: Steve Diggle

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Grant and Aaron cap off the 2017 Summer Series of Adventures in Finance as they are joined by the founder of Vulpes Investment Management, Steve Diggle, where he discusses his love of long-distance ru...

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Adventures in Finance - 2017 Summer Series 4: Mark Yusko

Adventures in Finance - 2017 Summer Series 4: Mark Yusko

Grant and Aaron continue the 2017 Summer Series of Adventures in Finance as they are joined by Mark Yusko, Founder and CIO of Morgan Creek Capital Management, where he discusses his passion for philan...

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Adventures in Finance - 2017 Summer Series 3: Jawad Mian

Adventures in Finance - 2017 Summer Series 3: Jawad Mian

Grant and Aaron continue the 2017 Summer Series of Adventures in Finance as they are joined by Jawad Mian, founder of Stray Reflections, to discuss the philosophical underpinnings of his worldviews, h...

18 Aug 201730min

Adventures in Finance - 2017 Summer Series 2: Pippa Malmgren

Adventures in Finance - 2017 Summer Series 2: Pippa Malmgren

Grant and Aaron continue the 2017 Summer Series of Adventures in Finance and turn-off from the beaten path as they are joined by the Pippa Malmgren to discuss drone technology, interesting summer read...

11 Aug 201735min

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