- IFTA Speaker
"Jonathan Pain is a Director of JP Consulting NSW Pty Ltd and has 32 years of international investment experience having led investment teams in London, Bahrain and Australia. Jonathan holds a joint honours degree in Economics and Politics from Keele University and a Master’s degree in Finance from Exeter University.He is the author and publisher of a widely read investment newsletter, The Pain Report. He is well known for his contrarian views and is a regular guest on CNBC TV and speaks at conferences and seminars all around the world. Jonathan is a member of the Advisory Council of China Matters www.chinamatters.org.au In numerous speeches and articles, in 2006, he highlighted the unsustainable levels of debt and the housing bubble in America, and his warnings of the impending crisis have been acknowledged by respected commentators such as Alan Kohler and Graham Rich. Over the last decade, he has repeatedly said that the most significant and defining economic phenomenon of our lifetime is the rise of the Asian middle classes. Having been born in South Africa and lived in Lesotho, Swaziland, England and Bahrain, Jonathan now calls Australia home."
|Posted: 21 October, 2016||Subjects: Economics|
|Source: C2016 IFTA||Available to: Delegates 2016|
In his presentation, Jonathan Pain takes his audience on a journey around the world from West to East, via the Middle East. We live in extraordinary times and it is important that we identify the key factors and forces that are likely to shape the topography of the global economic landscape in the decades to come. The simple truth is that the world simply has too much debt. Similarly, we live in an Alice in Wonderland World in which we have approximately $10 trillion of negative-yielding debt and markets are beginning to question the efficacy and omnipotence of monetary policy. At the same time, we continue to see the rise of the Asian middle classes which have the capacity to be a major force in shaping both the global economic and geo-political landscape. What does this all mean for financial markets and the global economy in the years and decades ahead?
Jonathan Pain takes his audience on a journey around the world from West to East, via the Middle East. He believes that the most significant and defining economic phenomenon of our lifetime is the rise of the Asian middle classes, and that they will be a major force in shaping and defining our economic destiny here in Australia and the wider world. He will urge you to re-consider the prism through which you view the world and suggests that much of the media has an obsessive focus on the negative and rarely highlights the many positives. Jonathan believes that after five years of economic healing, the global economy is set for stronger growth in 2014, and beyond. The great majority of the world’s population of 7 billion people can look forward to better times ahead and, in fact, the next decade is likely to see the strongest global economic growth in over 30 years. What a Wonderful World is a story about where the world is heading in the years to come, and the key factors that will shape and define the journey ahead. His concluding statement reads as follows: “The decades ahead will see an era of prosperity, enlightenment and opportunity that very few today are predicting.”