Video
Magic Money Tree
So, a recession is coming, we do not know when, what will cause it, nor for how long it might last. We do know that with interest rates in many parts of the World below zero, close to zero or not much more than 2% (outside of Argentina where they have been 60% recently), that the old levers of monetary policy are not available to stimulate demand as has been the case in prior recessionary scenarios when central banks would slash interest rates, as was last seen post the 2008 financial crisis.