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Satyajit Das

Bloomberg Opinion Columnist

Satyajit Das is a former banker and the author, most recently, of "A Banquet of Consequences."

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TOPSHOT-JAPAN-STOCKS

Bloomberg Opinion

If the Virus Hadn’t Caused the Crash, Something Else Would Have

The pandemic has exposed the vulnerabilities of a structurally unsound financial and economic system.

April 1, 2020

April 1, 2020

OpinionSatyajit Das

If the Virus Hadn’t Caused the Crash, Something Else Would Have

The pandemic has exposed the vulnerabilities of a structurally unsound financial and economic system.

TOPSHOT-JAPAN-STOCKS

February 11, 2020

February 11, 2020

OpinionSatyajit Das

$3 Trillion Can't Buy China Out of Virus Trouble

Asia’s foreign-exchange reserves are more a symptom of economic problems than a sign of strength.

South Korean Economy Boosted As Won Jumps To New High

January 26, 2020

January 26, 2020

OpinionSatyajit Das

Prepare for Turbulence in Emerging Markets

Developing-country models aren’t equipped for structural changes underway in advanced economies.

A sampan sails near to a newly built con

January 3, 2020

January 3, 2020

OpinionSatyajit Das

Economic ‘Doom Loops’ Get Harder to Avoid in 2020s

The world is struggling to stay balanced on a shaky platform of high consumption, asset prices and household debt.

May Day Protests Take Place In Paris

December 28, 2019

December 28, 2019

OpinionSatyajit Das

When the Ultimate Refuge Turns Risky

Sovereign bonds have gone from a traditional haven to a financial system fault line as government debt has expanded.

Global Warming and Climate change are putting at risk tropical islands - Stock photo

November 2, 2019

November 2, 2019

OpinionSatyajit Das

Don’t Just Expose Shadow Banks, Regulate Them

We know much more now about the operations of such financial institutions. We’re no closer to reining in the risks they pose.

FRANCE-CRIME-INTERNET-BANK

October 12, 2019

October 12, 2019

OpinionSatyajit Das

Beware of Funny Financials

Accounting choices appear to be making earnings look healthier than they are.

Mexico Peso Leads Gains as Banxico Said to Sell Dollars to Banks

September 20, 2019

September 20, 2019

OpinionSatyajit Das

Free Money for Everyone Won’t Solve Our Problems

Proposals for a universal basic income are gaining momentum around the world. The unfortunate truth is there’s no magic bullet to revive economies.

Democratic Presidential Candidate Andrew Yang Interview

September 13, 2019

September 13, 2019

OpinionSatyajit Das

Can Banks Survive Negative Rates?

The spread of unconventional monetary policies threatens to set off dangerous and unpredictable feedback loops.

Chinese Yuan, Hong Kong Dollar and U.S. Dollar Banknotes

August 21, 2019

August 21, 2019

OpinionSatyajit Das

Markets Should Be Worried About the Music Stopping

A structural decline in trading liquidity could make things very uncomfortable for investors in the next downturn.

US-stocks-market

August 17, 2019

August 17, 2019

OpinionSatyajit Das

How Asia Can Protect Its Crazy Riches

Exporting capital to the West hit the region hard in past downturns. This time needs to be different.

Rockefeller Center, New York, USA

July 25, 2019

July 25, 2019

OpinionSatyajit Das

When It Comes to Debt, Size Doesn’t Matter Anymore

But the fact that investors are replacing banks as the most important providers risks a severe correction in the future.

BRAZIL-FINANCE-ECONOMY

July 14, 2019

July 14, 2019

OpinionSatyajit Das

A Weaker Currency Isn’t Going to Help Australia

The conditions aren’t right for a competitive devaluation to boost exports and growth.

2007 Melbourne Cup Day

June 29, 2019

June 29, 2019

OpinionSatyajit Das

The World Needs Shock Therapy

The only way the leaders gathered at the G-20 are going to revive growth is through radical and painful restructuring.

ITALY-ART-EXHIBITION-WARHOL

March 30, 2019

March 30, 2019

OpinionSatyajit Das

The World Better Get Used to Negative Rates

They’re the only way to bring down excessive debt levels that have grown too large to be managed.

TURKEY-ECONOMY

March 24, 2019

March 24, 2019

OpinionSatyajit Das

The Global Wealth Illusion Is Paper-Thin

Mark-to-market values have become less reliable as more money moves into private investments. The next crisis may bring a rude awakening.

International currency flying as money paper airplanes

March 9, 2019

March 9, 2019

OpinionSatyajit Das

How Do You Replace the Most Important Number in the World?

As markets prepare to move away from the benchmark Libor, they risk sparking confusion and chaos.

Stocks May Drop After China's Central Bank Raises Interest Rate

March 3, 2019

March 3, 2019

OpinionSatyajit Das

The Bomb That Blew Up in 2008? We’re Planting Another One

Collateralized loan obligations may look safe, but they pose risks that are poorly appreciated.

The Bomb That Blew Up in 2008? We’re Planting Another One

February 24, 2019

February 24, 2019

OpinionSatyajit Das

If Central Banks Are the Only Game in Town, We’ve Lost

Relying on monetary policy to prop up asset prices and smooth out global volatility is a recipe for disaster.

Yuan And Dollar Banknotes Ahead Of Tenth Anniversary Of China's Yuan Reform

February 2, 2019

February 2, 2019

OpinionSatyajit Das

Asset Managers’ Troubles Aren’t Temporary

The industry is facing structural headwinds likely to push those who aren’t big enough or specialized enough out of business.

Trading On The Floor Of The NYSE As Fed Releases Rate Decision