How can he say that European banks are in better shape now than in the past?!?!? Balance sheet study anyone?!?? Hey Pedro, are all your friends leftist?!?!? I won't say what I think about this video (hey we have the filmed date!!!) cause my comment will be erase ;-) Can we have the views of someone who believe that this lock-down is total BS now?!!?

When you have Krugman and Posen as guests, there is little difference between RealVision and BubbleVision (Bloomberg etc). IMHO both of them are completely detached from markets and reality.

Am I just suffering from Dunning Kruger effect or does this guy not know what he's talking about? Seriously. As much as I can't stand watching this, I'm glad RV has these people on so that I'm reminded that they actually and still do exist and that there are people on the other end of the economic perspectives. You need people going against your thesis to make money.

I've seriously got the warm and fuzzies knowing how many RV subs love Free Markets!!! What an awesome community! Off to have a nice cleansing shower after watching this interview (anti-globalist shower gel in hand).

Quoting the Guardian closed it for me. Total Globalist viewpoint. To think he travels so much and spouts this agenda is sickening.

With all due respect to RV,... wtf?!? At about the 12 min time stamp when discussing the US policy response, fawning all over it, guest states vast majority of bailout goes to individuals and thru the SBA to small businesses. This is a ludicrous misrepresentation. The $450B earmarked for the Corps will be levered by the Fed at 10 to 1. That's pushing $5T... and the authorities haven't the foggiest idea whether the first loss that Treasury (tax payers) are supposed to eat will be exceeded, and so they'll either have to bailout the bailout, or the Fed will have to eat/paper over losses, making the mockery of their SPV word salad rationalization underpinning the "legality" of this structure explicitly fraudulent, rather than simply implicitly so. Hey Globalist central planners everywhere, you wanna know why people are fed up with you? Because your plans routinely fail, you misrepresent both your intentions and track record routinely, and you're never accountable, ever, for your colossal mistakes. Three quarter of the way thru this video and they're talking blithely about the status of the world and its response to this crisis without acknowledging that central bankers and planners are responsible for our precarious, everything bubble. status going into it. This pseudo professional/scientific schtick from planners and their apologists is hard to stomach.

A bit surprised to see such a high negative viewer response. I thought it was ok, not 100% in agreement with Dr Posen's views, but felt it was much better then the Dr Hoenig segment.

concur with Saner K. do NOT waste your time on this drivel. After listening to Posen pontificate, I can only say that my take away is about him vs the subject matter. He is pompus, arrogant, self important and what he discussed is completely lacking in fact.

What's wierd is that most of the points stated by Adam Posen in capital leaving where they are and heading up the credit quality ladder leaving those at the bottom of the credit quality screwed and the role of globalisation. I get that china puts out economic data that is incorrect and interfered with but china has been opening back up very quickly. However, who is going to be buying he products that have been created by china?

Still can't give it up on Brexit... the vote was June 2016... let it go...

Like it or not, government has inserted itself so much into markets, that it is now a topic we all have to take into our analyses. Therefore, RV has a right to have politico-economic speakers on the channel. And, not everyone is going to be Kyle Bass or Jim Bianco. Let's at least be courteous to opposing viewpoints. I disagree with Posen fundamentally also, but clearly the guy was not dogmatic or condescending. Everyone chill out.

Love Dr. Adam Posen and especially Pedro da Costa he is great on knowledge of banking and FED. I think the subject matter is a bit on the high level and fits in the big picture. I believe we are in crisis and we are in urgent need of information to model foretasted impacts to changes to the current situation. Raoul - Thank you for putting all this together.

Jesus Christ! Crude oil is in negative territory and there is no breaking news on RV! On what instrument would you trade it? No storing fee and no time limit on sell is the most important criteria! Like ETF's? For long term hold. I heard about the contango. Even crude is negative you can still lose money! It's crazy! Anyone with more experience? Thanks! PS: As you see I never traded oil , therefore I am newbie in this! Take it in consideration. I am interested in EUR because my broker can only buy EUR or GBP instruments in oil. Thanks.

I thought it was a perfectly fine interview. I enjoy hearing all viewpoints so really appreciate RV presenting well-rounded people expounding their beliefs and experience.

To round out the discussion, RV should interview the Classicist from the Hoover Institute or the author of Disunited Nations.

Just call a supplier of medical supplies in the EU. This guy cant be more wrong! EU is crumbling apart because of bans of exports. Globalization was/is the sickness. China got too much money to invest different types of weapons. Wuhan flu is one of them.

His institution cares So much about Chinese Centered Globalization, global collaboration, International trade, trust and transparency. But not dare to question the country’s sincerity, honesty, credibility of abiding global law and order in globalization effort. Instead of Asking What the hell is went so wrong, who the hell in the chain of globalization didn’t hold its global responsibility in this global pandemic So that the virus brought the world to brink of collapse, his saying that East is trying their utmost best to keep globalization open while US and west is trying to do the opposite. Eww

Major RV platform scope creep.

Sorry, for the diatribe. You do not have to read it. Black swans always happen. Just because they are unknown, does not mean we should not expect them. It is just common sense to plan for disasters of all types. Individual governments like corporations, small businesses, and families are responsible to plan for black swan events. If they fail, people suffer. There are as many phases as you wish, but four are essential: prior planning, facing the problem, actions toward recovery and preparing for the next black swan. If one reviews most mythologies and religions, I am sure that examples like the pharaoh’s dream of seven good harvests followed by seven poor harvest would be in most of them. Since the entire world did not plan for this pandemic, all of us will suffer and all of us are at fault. In addition to not planning, we created a very fragile economic system dominated by immediate greed – no savings, maximum leverage, just in time everything without regard to any dislocations, sovereign currency created at the whim of the sovereign – some even without a sovereign. The list of hubris go on forever. This is water under the bridge, and probably will be repeated as long as humans inhabit the earth. The first part of facing the problem is just to admit that we all failed. Is that really too hard to admit with all the evidence? Now we are in the middle of facing the problem. The worst part of this phase is the constant blame game which disrupts attempts to solve the problem. It feels good to yell and scream while blaming anyone but ourselves. It is also common sense that this is not productive. If you were smart enough to save money try your best to protect your family and friend’s health until it is over. There is a long way to go. Be safe and try to be part of the solution and do not add to the problem. It is also common sense that strength always comes from balance whether in a portfolio or martial arts. Total globalism is Stupid. Total isolation is Stupid. Total savings is Stupid. Total spending is Stupid. Total government control is Stupid. Total anarchy is Stupid. One viewpoint is Stupid. A knee-jerk reaction to a statement we do not agree with is Stupid. Let’s try to recover without being Stupid. DLS

Globalisation is finished.

i just checked the thumbs up and downs before watching , it is 50/84 now.. i think no need to watch and waste time..

China grew in the last 3 months... really? what a waste of 1hr

No just No! This is not about if southern Europe got hit by the virus. It is about the unwillingness of soutern europe to solve the problems in their banks in 2008. We bleeded and took a hit. They went on with life as usual. South europe has less productivity. Less working hours. more government workers and very early retirements. The northern Europe countries are fed up with being on the hook for the extreme euro religion.

The world’s largest exporter isn’t dependant on exports?What??

I'm not nearly as smart as these guys, but I couldn't disagree more with the proposed solutions for this crisis e.g. with more IMF and Fed interventions. These "solutions" are the the reason we're all here - AGAIN.

We should not trade with governments that do not support freedom of speech, of religion, sexuality and share our values of liberty, egalitarianism and democracy. Re-distribution of supply chains and jobs globally is the answer to a better, more equal world.

With these guys, who needs "conspiracy theorists." We entered the age of "conspiracy" facts several years ago.

Couldn't finish it . . . please do not have Dr. Posen back on.

Another extend and pretend promoter on behalf of the FED. LOL "China not dependent on exports"

What is this rubbish?

If Adam doesn't think that supply chains need to be at least revisited in the light of what has happened with Covid-19, then I think his forecasts for the future are going to be extremely flawed.

Doing charity with someone else's money is very easy. Very cheap. Doesn't cost a whole lot... to the person doing the charity that is. I get the compassion argument and also wish that there would be no misery in the world. However, a lot of this economic aid is creating the wrong incentives and breeding more dependency. If you keep giving money to poor people just for being poor then they will stay poor. It is like giving money to beggars, if you keep doing it then you will find more and more beggars around you. Before consuming anything people first need to produce.

What is with all vitriol here?

Dr Adam Posen gets his news on the UK from the Guardian... Say no more