The Call by the Global Intelligence Desk
The world is aging. For our lifetimes, that has meant low interest rates, as limited demand, high savings and a flexible global workforce created favorable conditions for easy money. Our guest today, Manoj Pradhan, founder of Talking Heads Macro, argues that over time, aging will result in something completely different: higher wages for a shrinking workforce, more retirement benefits, more public debt – and higher interest rates to attract enough investors to fund it all. Pradhan says Japan is going through that transition right now. If he is right, it will mean a tougher funding environment for business. Higher rates makes corporate debt more expensive to service, forcing companies to rethink capital allocation, pricing, labor, and supply chains. - The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter. Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHFBQjk2NTRXV2dlYlRFckhpRFlqNktDMnlLd3xBQ3Jtc0trblVxb1ZyNnpNU0lmSVZWZWVuNzhCMG5oYXk1MEcySnFSV3dsbXd1RXJIT1FPUWtFZzRUbjJhRHV1aDQyTVBGMF83Z2pvTTNWdFRsV1poNFIxTDVod1dHbTBSZVRCcnRFS0tEMGRCWjJGNmZndWhnZw&q=https%3A%2F%2Fglobalintelligencedesk.com%2F&v=XW27HiAov8E] Join the conversation on LinkedIn: / global-intelligence-desk [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3Y2XzY5NUN6UzQ3VGlwQlMyLWE1bWViSjVBZ3xBQ3Jtc0ttTkgwZEJWWDUybjZXWGtuNWVybHFDckVMM3lHSGtadDQ3bG5kbld6SkZGT2dLQmF2SzRpc09fcWRWa1I2ZjF6aW1pSUg4ZkFkVW55TXZDNi1WR2tJZW5fZEViVFpwcGVpT3BZaWdKSmp3N1dGcTJPUQ&q=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglobal-intelligence-desk%2F&v=XW27HiAov8E]
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