EPISODE · Aug 13, 2024 · 18 MIN
Why is the Global Economy So Interconnected?
from Eurodollar University · host Jeff Snider
How in the world does sudden fear over a US recession lead to a crash in Japanese stocks? Even more important, what might that crash suggest about the US recession? Our world is more interconnected than you've been led to believe. Our entire economic worldview is oriented around national groupings not because that’s the way the world works but because it keeps central bankers in a job. What globally synchronized is telling us now is that job losses are going to painfully rise - ours, not theirs. Eurodollar University's Money & Macro AnalysisBank of Japan New Procedures for Money Market Operations and Monetary Easinghttps://www.boj.or.jp/en/mopo/mpmdeci/mpr_2001/k010319a.htmWorld Bank Research Paper Global Recessionshttps://documents1.worldbank.org/curated/en/185391583249079464/pdf/Global-Recessions.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
What this episode covers
How in the world does sudden fear over a US recession lead to a crash in Japanese stocks? Even more important, what might that crash suggest about the US recession? Our world is more interconnected than you've been led to believe. Our entire economic worldview is oriented around national groupings not because that’s the way the world works but because it keeps central bankers in a job. What globally synchronized is telling us now is that job losses are going to painfully rise - ours, not theirs. Eurodollar University's Money & Macro AnalysisBank of Japan New Procedures for Money Market Operations and Monetary Easinghttps://www.boj.or.jp/en/mopo/mpmdeci/mpr_2001/k010319a.htmWorld Bank Research Paper Global Recessionshttps://documents1.worldbank.org/curated/en/185391583249079464/pdf/Global-Recessions.pdfhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
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Why is the Global Economy So Interconnected?
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