Turner Says Rates Will Stay Lower for Longer

The video discusses the current state of the world economy, focusing on the role of central banks, interest rates, and inflation. It highlights the slow growth pattern of the global economy and the lack of inflationary pressures despite low unemployment rates. The discussion also covers the consequences of low interest rates, such as the creation of economic bubbles and the impact on business models and productivity. Finally, it examines the structural changes in the labor market and the challenges faced by central banks in normalizing policies.

How does fiscal expansion in China and the US affect the global economy?

What are the potential consequences of central banks maintaining low interest rates?

What are the implications of low interest rates on weak business models?

In what ways has globalization impacted the distribution of economic growth rewards?

What structural changes in the job market contribute to the phenomenon of 'lower for longer' interest rates?