From 1998 to 2018, the country of Japan suffered through two seven-year recessions. During this time, unemployment reached four times the national average during the 1960's. However, what was also remarkable was that the government
of Japan was able to lower their Interest Payments own the country's National debt from ELEVEN TRILLION YEN ON A NATIONAL DEBT OF 172 TRILLION YEN IN 1991 TO 7.8 TRILLION YEN ON A NATIONAL DEBT OF 998 TRILLION YEN IN 2021.
Between February 12, 1999, and July 14, 2006, the BANK OF JAPAN instituted a Zero Interest Rate at its Uncollateralized Call Rate, something similar to the Federal Reserve's FED FUNDS RATE. This Policy lasted for 2500 days, which included the Bank of Japan simultaneously instituting 67 months of Quantitative Easing.
On October 5, 2010, the Bank of Japan instituted Comprehensive Monetary Easing, which included purchases of Japanese Government bonds at market price while interest rates were at Zero. This was 1544 days after having first raised interest rates on July 1, 2006.
On December 16, 2008, the Federal Reserve, instituted its Zero Interest Rate and Quantitative easing Policies. The Zero Interest Rate Policy lasted until December 16, 2015, for a total of 2554 days, while simultaneously instituting 66 months of Quantitative Easing.
On March 15, 2020, the Federal Reserve, reinstituted its Quantitative Easing policy 1551 days after having first raised interest rates. Coincidence?
However, what has to be recognized here is that the Trump Trade Deal with China, which was signed in January 2020 jumped the ISM PMI Manufacturing Index by six full points the same month the trade deal was signed. A huge one-month jump. A clear sign the trade deal could have helped the United States avert a recession. So, the COVID-19 pandemic was an attempt to save the recession. And the timing of it is proof. And it was done to muffle the effects of the trade deal itself.
In July of 2022 the Yield Curve Inverted and stayed inverted for 26 months, longest yield curve inversion on record. during this time the yield curve record a 108 base point yield curve inversion, tied for the deepest yield curve inversion with the 1976-1978 yield curve inversion for deepest yield curve inversion. However, Interest rates were much higher in the late 1970's, as high as 20%. So, the fallout out from this Yield Curve Inversion should be much greater on the next recession then in the 1980-82 recession, when unemployment reached 10.8%.
On July 16, 2024, the S7P 500 topped out during an Inverted Yield Curve. According to Inverted yield curve Mythology, the next Recession will start between January 16, 2025, and February 16, 2025. It will last for several years. It will have six consecutive Quarters of Negative GDP growth and five years of deflation.
This has never been about equality or racism, this is about interest rates.