The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril

The Age of Stagnation Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril The global economy is entering an era of protracted stagnation similar to what Japan has experienced for over a decade That is the message of this brilliant and controversial summary of our current e

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  • Title: The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril
  • Author: Das Satyajit
  • ISBN: 9781633881587
  • Page: 451
  • Format: Hardcover
  • The global economy is entering an era of protracted stagnation, similar to what Japan has experienced for over a decade.That is the message of this brilliant and controversial summary of our current economic predicament from an internationally respected consultant and commentator on financial markets, who predicted the Global Financial Crisis of 2008 The author challengesThe global economy is entering an era of protracted stagnation, similar to what Japan has experienced for over a decade.That is the message of this brilliant and controversial summary of our current economic predicament from an internationally respected consultant and commentator on financial markets, who predicted the Global Financial Crisis of 2008 The author challenges the assumption that growth can be perpetual and questions the ability of political leaders to enact the tough structural changes needed He is particularly critical of the easy money approach to dealing with the great recession of 2008, citing the dangers of excessive debt and deep seated fundamental imbalances The fallout of these poor policies, he argues, will affect not only the business sector, but also the lifestyles and prosperity of average citizens and future generations The author concludes with a thought experiment illustrating the large scale changes that will be necessary to restore economic, financial, and social sustainability This experiment has already been tried in Iceland, which went bankrupt in the wake of the 2008 crisis, and now, after a painful adjustment, is on the road to recovery Written for the lay reader and peppered with witty anecdotes, this immensely readable book clearly explains the missteps that created the current dilemma, why a recovery has proved elusive, and the difficult remedies that must eventually be applied to ensure a stable future.

    One thought on “The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril”

    1. A great book about coming age of slow or Zero rate Economic Growth in the worldwith China Economic Engines slowing down and it is mystical growth rate falling down to 6%the World will fallow what has happened to japan where it is Economy has Stagnated for a Decadeaccording to the Authorso the Author has criticized poor policies which it is outcome will not only affect the Business or Finance sector but also lifestyles and prosperity of average citizens and future generations.what is required fro [...]

    2. I agree with the general premise of the book, because perpetual growth is the mantra of the cancer cell. However Satyajit's tone throughout this volume is rather pessimistic, and after being told repeatedly that we're pretty much screwed one might become rather disillusioned with life.Furthermore this book is made hard to read by the glaring lack of sub-headers, which made it troublesome for this reader to follow the logical trains of thought to their conclusion.Interesting take on the sharing e [...]

    3. Wow, probably the craziest book I have ever read. I heard Das on Andrew Horowitz's podcast "the Disciplined Investor" twice, and really enjoyed hearing him speak about finance. After reading his opinions about everything besides finance, I wonder if he is reliable when it comes to finance (although I am inclined to agree with him).The first 100 pages were great. Then he starts writing about the environment, and says that anyone who disputes global warming is reminiscent of the tobacco industry t [...]

    4. Satyajit Das believes that we are stuck between Scylla (existing policies that promise stagnation and slow growth) and Charybdis (decisive action that leads to immediate loss of living standards). He outright rejects (in the epilogue) the possibility of some miracle that will bring back growth to this world. As one can gather from the title of the book, he doesn't believe much in the power of the human spirit. For me, this was a dab at knowing the other side. For readers, this book gives you a s [...]

    5. The book primarily focuses on growth using debt and the long term implication of debt on an economy.Overall its a good one and in the last few chapters also reflect the true value of sharing economy.Before reading complex books on economics this can act as a motivator

    6. The narrative clips along at an exciting pace as it covers the build up to the GFC; at times I found it like a thriller yet the tale told actually happened and is not a airport paper book. At about Chapter 8 the thrill for me dropped off and replaced by a dark narrative with only one outcome. I struggled not to see or understand the authors points but there is no alternative. The author does not really offer anything concrete. It is for this reason I suggest read, but read with caution. If you w [...]

    7. Let's try worldsocialism If it doesn't work then you can have your money back. Nothing else has worked. Even if it had worked it will never work again. We and things evolve into realities that are part of the past and part of the present but themselves , ourselves are at the same time totally different. What worked for me in 1976 doesn't work for me today.

    8. The majority of the book reads like a dissertation. Then you get to Epilogue and his opinions and conclusions finally become concise, but without context his research and his conclusions both suffer.

    9. This book is really excellent. I'm planning on reading some books with a counter-arguments but this one seems pretty tightly argued.

    10. The bucket is full! Flat will be the new norm in economic growthor retraction. Good cross section of examples dating way back in time and across different geographic economies.

    11. Good analysis and facts of current economic problems. It need more solutions to those problems and ideas for how an investor should navigate through them.

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