Breaking Down Balance Sheet Recessions

Published on
November 4th, 2016
71 minutes

Breaking Down Balance Sheet Recessions

The Expert View ·
Featuring Richard Koo

Published on: November 4th, 2016 • Duration: 71 minutes

Macroeconomist Richard Koo, author of 'The Escape from Balance Sheet Recession and the QE Trap', has been critical of the BoJ's inability to generate growth. The man from Nomura, uses Japan's experience to examine how to break global economic policy impasse.


  • DN
    Douglas N.
    4 January 2021 @ 18:30
    Here is my burning question: If firms and banks have horrible balance sheets and are trying to clear them, why not immediately use zero-cost credit to pay it all off at once? In other words, his discussion states and assumes that this paradox exists, but he never explains it except to say that people are traumatized. But, if the whole mess can be paid off by a zero interest loan and we can go forward with a clean sheet tomorrow, why the hell doesn't everyone do it? The can't be so traumatized as to fail to see the gift horse sitting in front of them.
  • JC
    JP C.
    20 May 2019 @ 02:51
    Fascinating. Have watched 3 times since published in 2016. Please bring him back. Would pay to see an in-depth long format panel discussion with Richard Koo, Lacy Hunt and David Rosenberg on current environment/forward looking view of the US and rest of the world. Strange this got so little viewership…
  • KW
    Kenneth W.
    6 May 2019 @ 03:20
    Great interview! How come so fewer people left comments for Dr. Koo.
  • JM
    Jim M.
    11 March 2019 @ 13:31
    Probably the single most important and valuable interview done by the RV team. More than Druckenmiller, Sokoloff, Bass or Burbank, Richard Koo helped my understand what is happening today as well as the past 100 years of global finance. He answers so many important questions, debunks so many popular myths and sadly, shows us the road ahead. I eagerly look forward to a follow up.
  • SW
    Sascha W.
    17 February 2019 @ 20:32
    Would be great to get him on again with his updated view.
  • RK
    Roger K.
    11 November 2018 @ 18:52
    Balance sheet recession, QE trap , Normalization, Maturing bonds in FEDs hand, Redemption bonds. Superb! Time to bring Richard back. Thank you!