Satyajit Das – Think Piece

Featuring Satyajit Das

Satyajit Das, former financier and author of “Traders, Guns and Money” and his most recent work, “A Banquet of Consequences” / “Age of Stagnation”, proposes three macro outcomes to the current global environment, throws a logic oriented critique at the failed monetary experiments of global central banks, and gives insight into the core structural stagnation problem currently confronting the world before proposing a set of possibilities as to how these imbalances may be resolved.

Published on
6 May, 2016
Topic
Financial System, Global Outlook, Monetary policy
Duration
43 minutes
Asset class
Currencies, Bonds/Rates/Credit, Commodities
Rating
23

Comments

  • nF

    nicholas F.

    22 7 2018 20:02

    0       0

    Fascinating, thank you Mr. Das. Really enjoyed Traders, Guns and Money

  • JC

    Jorge C.

    21 1 2017 00:51

    2       0

    One of the brightest minds in finance.

  • SA

    Sasha A.

    7 9 2016 04:18

    2       0

    Super, insightful talk. Forces you to think.. Good job RTV.

  • T~

    Tshort63 ~.

    22 7 2016 22:58

    2       0

    Peter Drucker: "There is no such thing as profit, there are only expenses yet to be incurred."

  • T~

    Tshort63 ~.

    22 7 2016 21:48

    0       0

    One of the best, love the humor!

  • SM

    Sam M.

    19 7 2016 15:47

    1       0

    Wow! And he's really entertaining too. I can only imagine what it would be like to be his friend, conversations for days...

  • JN

    Jacques N.

    3 7 2016 19:48

    0       0

    Wow!

  • MS

    Mark S.

    8 6 2016 23:47

    2       0

    One of the best interviews yet. Loved how he wove financial/economic/political/social worlds together. "We need a new Rhine River every year."
    Thanks RTV. You won't hear this anywhere else.

  • JO

    John O.

    26 5 2016 08:30

    0       0

    In a past life I had to study this smart guy's derivatives textbooks. Glad to hear he is not in the camp that thinks debt doesn't matter. I prefer wheels-off reset over Japan-like stagnation.

  • JH

    Jamie H.

    25 5 2016 20:16

    0       0

    Seen him on Max Kaiser a few times. Always articulate and insightful.

  • EB

    ELIZABETH B.

    23 5 2016 10:35

    0       0

    Capital Controls coming. I am a retired expat as well as an owner of properties and deposits world wide. Looks like I will be forced to hold my nose and return to USA.

  • MK

    Mark K.

    23 5 2016 04:30

    0       0

    Very frank, very sanguine discussion. If we look behind the curtain there really is just an old grey haired man pulling strings! I need to watch this more than once!

  • ms

    mahesh s.

    22 5 2016 22:03

    0       0

    Truly amazing thinking. Kudos RTV. Cant wait to read his book.
    TRUTH DOES'NT REALLY CARE!!!- amazing and real. Need him back

  • SB

    Stewart B.

    22 5 2016 13:19

    1       0

    Brilliant interview. I'd love to hear more.

  • SV

    Stefan V.

    17 5 2016 18:47

    1       9

    Wow. First Think Piece that gives us so little to think about. So many "X is just wrong" statements talking confidently about the What without a hint of the Why or the How.

  • LR

    Larry R.

    17 5 2016 16:46

    3       0

    Possibly the clearest, cleanest statement of where we are that I have heard. Wonderful!

  • ev

    ernie v.

    17 5 2016 12:03

    2       0

    This guy is bright star, telling it like it is. How long can we remain clueless as to the end result. Buy a farm and hope your kids do not have it too rough.

  • sp

    shashwat p.

    17 5 2016 10:05

    3       0

    Good bloke. Like a good horror movie it was entertaining and terrifying at the same time.

  • RD

    Richard D.

    16 5 2016 16:56

    3       0

    Brilliant! Simply brilliant. Concise, concrete, and coherent.

  • ml

    michael l.

    16 5 2016 02:19

    2       0

    Excellent, excellent piece. Bring him back soon.

  • DL

    Derek L.

    13 5 2016 22:40

    2       0

    Great line..."Central Bankers are not talking to the right people" ie..ordinary folks and, thus, have no idea what is really going on....excellent!

  • TH

    Timo H.

    13 5 2016 14:46

    3       0

    It's quite hard to disagree with Satyajit about anything. I'm not even trying. He possesses way too much knowledge and logic.

  • PJ

    Peter J.

    12 5 2016 16:55

    7       0

    One of the best ever!

  • jd

    john d.

    12 5 2016 08:14

    3       0

    Best. Interview. Yet.

  • GC

    Grant C.

    11 5 2016 14:05

    2       0

    Thoroughly enjoyed this, brilliant stuff!

  • CD

    Colin D.

    11 5 2016 06:46

    1       0

    Excellent and insightful interview. I totally agree that central bankers do not know what they are doing presently and are making a bad situation more dangerous,

  • SB

    Sergei B.

    11 5 2016 00:15

    1       0

    Investing with "common people"

  • SL

    Stephen L.

    10 5 2016 10:35

    10       0

    The quality of interviews from Oz have been brilliant. Great work

  • SN

    Sean N.

    10 5 2016 06:43

    3       0

    Impressive!

  • PL

    Peter L.

    10 5 2016 04:41

    6       0

    The third sensational interview from Down Under. Keep them coming.

  • GG

    George G.

    9 5 2016 15:49

    4       0

    Wonderful commentary ... also a good example of why the delivery is almost as important as the message

  • DR

    Dennis R.

    8 5 2016 21:51

    4       24

    Nothing new hear. The same stuff the doomsayers have been spreading for ages. Guess it sells books.. Great delivery though..

  • fc

    frank c.

    8 5 2016 19:55

    2       0

    Scary isn't it...

  • TS

    Tom S.

    8 5 2016 13:34

    4       0

    I had a great boss once whose favorite phrase was "eventually the economic reality always reasserts itself". Good explanation of how that will occur.

  • JD

    John D.

    8 5 2016 12:54

    4       0

    One of The BEST !!! Great Stuff..

  • TS

    Tim S.

    8 5 2016 09:55

    8       0

    Good point about politicians passing the problem off to central bankers. Very cunning.

  • A1

    Animal 1.

    8 5 2016 08:50

    4       0

    Beautifully delivered. Thank you Satyajit and RV!

  • DH

    Dale H.

    8 5 2016 05:44

    0       0

    VG. Well delivered. The thoughtless or greedy powerful + others who are 'right' ignore or punish awkward questions. This weakness ensures more pain and huge wastage. Good questioners need rewarding

  • RR

    Robert R.

    7 5 2016 23:37

    5       0

    Loved this guy, tells it like it is.

  • RH

    Randy H.

    7 5 2016 23:11

    6       0

    Outstanding mind. Get more thinkers like this!!!

  • SP

    Steve P.

    7 5 2016 23:07

    7       0

    Brilliant summary of the current global dilemma. His conclusion - equallising of global incomes via lower western world lliving standards, is the ultimate outcome. Hope for an orderly transition.

  • JH

    Jim H.

    7 5 2016 21:25

    0       0

    Ok I hear you! Now how do the small people live and continue?
    We need a reasonable plan that car have enough of a chance for success that people can decide to participate rather than rebell!

  • DS

    David S.

    7 5 2016 19:05

    4       11

    Very smart gentleman, but not lucid and nor concise. The greed and duplicity of the market makers caused the implosion. The central bankers were dealt a losing hand and expected to win without help.

  • FS

    Fred S.

    7 5 2016 18:59

    8       0

    Most people walk blindly thru the fog of "the prevailing narrative". Others know their in a fog, but can't see enough to characterize it. Das can not only can see the fog, but cut thru it. Bravo!

  • IZ

    Ileana Z.

    7 5 2016 16:10

    6       1

    WOW! Love this man. He is smart, witty, and has a deep fund of knowledge. We need many more hours of his insight. I will be heading to AMZ.com for his books.

  • JO

    Jens O.

    7 5 2016 16:06

    1       1

    Loved already his podcasts ... listen to Jeff Gundlach this week and you get a sense what the next pause in Das' long process will be: a Trump debt-fueled US boom - watch out ;)

  • HS

    Hubert S.

    7 5 2016 14:58

    4       0

    Lively and true to a large extent. But one crucial thing missing: Has he never contemplated that central bankers, while being blockheads, might get marching orders - or is this too conspirational ?

  • EK

    Emil K.

    7 5 2016 14:56

    3       0

    Has anyone read his book? I'd like to know if he offers suggestions on how we can best manage the coming transition. How do we manage prolonged stagnation and how do we manage 'the reset'?

  • WM

    Will M.

    7 5 2016 14:21

    8       0

    I particularly liked the linkage between proposals to ban cash with the likelihood of negative interest rates & concurrent need for capital controls to prevent "escape" from one nation to another.

  • WM

    Will M.

    7 5 2016 14:17

    2       0

    So I guess its scenario 3 for most RVTV subscribers.....? Eloquent description of the current state of central banking and government economic policy.

  • SS

    Sam S.

    7 5 2016 11:40

    4       0

    Politicians, bankers, regulators are WOLVES. Everyone else---the sheep.
    To navigate the world we need to be like water.

  • RA

    Ricardo A.

    7 5 2016 09:30

    20       1

    Make this guy a regular. 2-3 times a year at least.

  • an

    adrian n.

    7 5 2016 07:18

    4       0

    Good bloke is our Das

  • KD

    Ken D.

    7 5 2016 01:15

    6       0

    Wonderful! Loved his animated delivery.

  • CB

    Clinton B.

    7 5 2016 01:10

    6       1

    brilliant

  • JS

    John S.

    6 5 2016 23:52

    7       0

    Outstanding in so many ways.

  • MS

    Michiel S.

    6 5 2016 22:41

    9       1

    Indeed we are living in a perfected 'Sovjet System' whilst having the illusion of being part of democracy. Lenin and Stalin would be jealous!

  • KS

    Kathleen S.

    6 5 2016 21:31

    8       0

    Great interview, but let's not blame the little guy for what has been sold to him. Corps and elites have made trillions selling lies. People are greedy, banks and corps lie - need to address to solve

  • RD

    Ryan D.

    6 5 2016 19:37

    14       1

    Lucid, concise and fun to listen to.He just sold another book.

  • WH

    Winnie H.

    6 5 2016 18:45

    19       0

    He is intelligent, interesting, well-spoken, insightful, and easy to understand. Excellent. One of my favorites so far. More from him and others like him please! (Say no to boring people!)

  • PV

    Peter V.

    6 5 2016 17:55

    2       0

    So true.

  • ET

    Ed T.

    6 5 2016 17:03

    6       0

    Outstanding interview!

  • CC

    Christopher C.

    6 5 2016 16:51

    2       0

    When people judge the truth to be perverse is the truth a mendacity or the people's judgement perverse?

  • NH

    Nigel H.

    6 5 2016 16:00

    2       0

    Smart bloke... I tried to read 'Extreme Money' once. He made some very insightful comments re. social consequences + low/ no value added innovation. So no beautiful deleveraging then Satyajit?

  • BV

    Bryan V.

    6 5 2016 15:57

    13       2

    Awesome discussion! Left me wondering if humans are in fact a flawed species that will always devise a perverse system of incentives that will eventually lead to our downfall.

  • BB

    Brian B.

    6 5 2016 15:37

    16       1

    Brilliant

  • mj

    maria j.

    6 5 2016 15:25

    47       4

    This guy is excellent