Are We Ready for an Era of Higher Interest Rates?

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/Join the conversation on LinkedIn:   / global-intelligence-desk