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This Is Signaling An ALL-OUT Global Recession
Unlike most terms thrown around Economics, 'globally synchronized' is no joke. It also isn't a recent development. Throughout modern history, when a sizable portion of the world starts to show contraction it will spread throughout the rest with very few spared. It is a poignant reminder given how the same is happening right now.
Eurodollar University's Money & Macro Analysis
BoJ New Procedures for Money Market Operations and Monetary Easing Mar 19, 2001
https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2001/k010319a.htm
Speech given by Kazuo Ueda, Member of the Policy Board of the Bank of Japan, at…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.