Rattner: Developed World Failed on Fiscal Policies

The transcript discusses economic imbalances and the role of central banks in managing negative interest rates to prevent recessions. It highlights the challenges of predicting recessions, the impact of negative interest rates on bond values, and the risks associated with investor behavior. The discussion also covers global economic challenges, including the failure of governments to implement prudent fiscal policies and structural reforms, leaving central banks to manage the burden.

What potential risks are associated with investing in long-term government bonds as mentioned in the text?

According to the text, what failures have governments made that have impacted economic stability?