Saravelos: It's a Story of Excess Savings

The video discusses the current state of the bond market, highlighting the impact of excess savings and low R star on market dynamics. It explores theories on savings rates and their implications for yields, drawing parallels to past market conundrums. The role of fiscal stimulus and bank deposits in maintaining asset prices is examined. The video also delves into the growing relevance of cryptocurrencies, their impact on payment systems, and potential changes in the banking sector. Finally, it provides an analysis of the pound sterling's performance against the US dollar, considering inflation expectations and Brexit risks.

In what ways does the speaker suggest that excess savings are influencing asset prices?

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What are the potential impacts of cryptocurrency on the banking system as discussed?

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