About this episode

Satyajit Das discusses the potential for a new financial crisis and the implications of rising debt and AI investments.

Satyajit Das thinks another major global financial crisis might be coming - and soon. He was warning about dangerous debt structures well before the 2008 Global Financial Crisis. Now, with inflation still sticky, interest rates elevated, debt piling up and huge amounts of money pouring into AI, he thinks the pressure is building again. But what breaks first? In this special episode of ABC Business Daily, former banker and financial commentator Satyajit Das joins ABC Business Editor Michael Janda to unpack the risk of “Bondmageddon”, whether the world has become too dependent on cheap money, and how the AI boom could become another fault line in the financial system. Got a burning business question? We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.

People in this episode

Host: Michael Janda

Guest: Satyajit Das

Topics covered

• financial crisis
• debt structures
• interest rates
• AI impact
• Bondmageddon
• global economy

Keywords

• Bondmageddon
• financial crisis
• debt
• interest rates
• AI
• inflation
• global economy

Mentioned in this episode

Organizations: ABC Business Daily, ABC Australia

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