Das explains some of the obvious and not-so obvious implications of the Brexit vote. Some of the background as well as the next areas that could be impacted. We also discuss why the peripheral countries were hit so hard as well as what this means to the U.S. economy.
With central bankers just about out of ammunition, fiscal policy will need to step up in a time that there is very little ability to do so. After markets cool off from the shock – we look at a few stocks that may be good opportunities.
The Age of Stagnation is a well written commentary about the current state of the global economy with plenty of historical facts to back up the premise and outlook.
Satyajit Das has worked in financial derivatives, risk management, and capital markets for over 30+ years. Since 1994, Mr. Das has acted as a consultant to financial institutions and corporations in Europe, North America, Asia and Australia. Previously, between 1977 and 1994, Mr. Das worked on the `sell side‘ (Commonwealth Bank of Australia, Citicorp Investment Bank and Merrill Lynch) and the `buy side‘ (Treasurer of the TNT Group, an Australian based international transport and logistics company).
Das is the author of a number of key reference works on derivatives and risk management. His works include Swaps/ Financial Derivatives Library Third Edition (2005, John Wiley & Sons) (a 4 volume 4,200 page reference work for practitioners on derivatives) and Credit Derivatives, CDOs and Structured Credit Products Third Edition (2005, John Wiley & Sons). He is the author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives (2006, FT-Prentice Hall), an insider‘s account of derivatives trading and the financial products business filled with black humor and satire. The book has been described by the Financial Times, London as ” fascinating reading explaining not only the high-minded theory behind the business and its various products but the sometimes sordid reality of the industry”.