Das: How to think about investing in a world of low growth

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Satyajit Das, the author of “A Banquet of Consequences” says the period 2009-2015 was “completely artificial, it was driven by the policies of central banks, low interest rates, pumping enormous amounts of money into the global economy." Das says Central Banks in total "have pumped about $12TN into the global economy, that’s equivalent to buying every person on the planet a 60 inch plasma television set. We have this environment where equity prices have gone up, we have real estate prices which have gone up. But the crucial thing to understand is that this is not based upon some fundamentals of the fact that these shares or these properties are worth more, it’s just there’s no carry cost in the economy and this money has to go somewhere… so it’s gone up. I think to take this and extrapolate forward is a very risky strategy.” In this video Das outlines the key risks and opportunities for investors in a low growth world. Watch the full video here:


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