Episode 42 - The End of Cheap Money? Exploring the New Monetary Landscape

In this episode of The Gage, we sit down with Brunello Rosa to unpack how economics,
geopolitics and technology are reshaping the future of money. Drawing on his experience
advising central banks and governments, Brunello helps us trace how we moved from years
of ultra‑low interest rates into a far more uncertain monetary environment.
We explore the pressures building beneath the system, from rising debt across Western
economies to the growing technological and strategic rivalry between the United States and
China. Brunello shares his perspective on how digital currencies, innovation and shifting
alliances could influence the next phase of global finance, and what this means for countries
like the UK and Europe as they navigate a more fragmented world.
This conversation looks at the opportunities and risks emerging as new technologies collide
with long‑standing economic challenges, and why understanding past crises matters as we
move forward. Join us as we gauge Brunello Rosa’s view on a monetary ecosystem that is
changing faster than ever.

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About Rosa & Roubini Associates:
Rosa & Roubini Associates is an independent macro‑financial research and advisory firm
serving asset managers, institutional investors, corporations and public sector organisations.
The company draws on a global network of experts from academia, policymaking and the
private sector, giving it a broad and multidisciplinary foundation for its analysis.
Its team, based across Europe, the Americas, Asia and the Middle East, tracks major
economic, political and geopolitical developments that influence markets in both advanced
and emerging economies. Using a distinctive heuristic approach, the firm integrates
macroeconomic trends, political economy dynamics and policy responses to deliver research
with clear market implications.

Timestamps:
0:00:00 - Introduction to Brunello Rosa.
00:00:30 - The Era of Cheap Money
00:03:34 - Impact of Debt on the Monetary System
00:05:12 - US-China Economic Dynamics
00:10:04 - Digital Assets and Crypto Approaches
00:13:02 - Risks of Not Pursuing a CBDC
00:16:35 - Middle Powers in a Bipolar World
00:21:11 - Emerging Risks in the Global Economy