In this podcast we discuss the burning issue in the first month of 2020, the coronavirus. Starting the year as an unknown unknown and quickly becoming a known unknown forecasters are scrambling to understand the impact the disease will have. Clearly it will be significant but how significant and for whom. And what will the impact be on markets?

PIMCO’s Chief Economist, Joachim Fels is German giving him licence to generalise about his fellow countrymen’s approach to savings and the impact that has on broader issues such as global interest rates. We also discuss the potential issues of monetary policy and implications of changing demographics.