Download The Age of Stagnation AudioBook Free
The global current economic climate is entering an era of protracted stagnation, similar to what Japan has experienced for over ten years. This is the message of this brilliant and questionable summary of the current monetary predicament from an internationally respected expert and commentator on financial market segments, who predicted the Global Financial Crisis of 2008. The writer challenges the assumption that development can be perpetual and questions the power of political market leaders to enact the difficult structural changes needed. He's especially critical of the 'easy money' approach to dealing with the great recession of 2008, citing the risks of excessive debts and deep-seated fundamental imbalances. The fallout of the poor plans, he argues, will have an impact on not only the business sector, but also the standards of living and prosperity of average residents and future years. The writer concludes with a thought experiment illustrating the large-scale changes that will be necessary to reestablish monetary, financial, and interpersonal sustainability. This experiment was already tried in Iceland, which gone bankrupt in the wake of the 2008 problems, and today, after an agonizing adjustment, is on the road to recovery. Advised for the lay listener and peppered with witty anecdotes, this audiobook obviously explains the missteps that created the current issue, why a recovery has turned out elusive, and the difficult remedies that has to eventually be applied to ensure a well balanced future. Satyajit Das can be an internationally respected expert in fund, with over 30 years' experience. He proved helpful for the 'sell part' (lenders such as Citicorp Investment Lender and Merrill Lynch), the 'buy part' (Treasurer of the TNT Group) and acted as a expert advising banks, traders, companies and central lenders across the world. He has been within touching distance of several of the pivotal incidents in fund during his long job.
