Japan Raises Interest Rates for the First Time Since 2006 Indicating a Massive Recession is Just Around the Corner
The West is About to Experience More Pain
In the history of modern finance, no indicator has better predicted when the next global recession will begin than the moment the Bank of Japan starts raising rates.
For the first time in 17 years, the Bank of Japan raised its benchmark interest rate. The BOJ was the last of the major central banks to have negative interest rates. Now, its target range is 0.0-0.1%. The move had been widely telegraphed, but investors will be watching to see what the ripple effects of the move are. Making it the last major central bank to exit the world's negative rate policy. The country is the top holder of US sovereign debt.
Keep your heads on a swivel going into the 2024 Election. There will be fireworks.