Viktor Shvets: ‘The Private Sector Will Never Recover’

Viktor Shvets: ‘The Private Sector Will Never Recover’
More than 30 oil drilling rigs lay idle in a Helmerich & Payne, Inc. yard in Odessa, Texas, on May 18, 2015. Macquarie Strategist Viktor Shvets thinks technology, too much debt, and adverse government policy are responsible for a bleak future. Courtney Sacco/Odessa American via AP
Valentin Schmid
Updated:

Do you feel something is wrong with the United States and the global economy? Despite a respectable recovery and low unemployment, many people aren’t happy with their current economic situation or their outlook for the future. From rising prices for basic necessities or schooling, to harsh competition and low pay for lower income jobs, to negative interest rates—the poor and the middle class all have their problems to deal with.

Experts in the government and central banks are trying to manage a suboptimal situation but cannot isolate the problem, let alone offer solutions. Or maybe they know what’s wrong but don’t want to talk about it because the truth is too shocking.

Enter Viktor Shvets, the global strategist of the investment bank Macquarie Group. He not only dares to think outside the box but also isn’t afraid to openly voice his opinions, which are fascinating and shocking at the same time.

Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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