by Mike ‘Mish’ Shedlock
The Street
The global recession has no precedent in terms of synchronization.
Deflationary Consequences
Lacy Hunt at Hoisington Management explains the deflationary consequences of the current global situation in its Second Quarter 2020 Review.
Hunt commented on the four economic challenges central bankers face as noted below.
Four Economic Challenges
1. Over 90% of the world’s economies are contracting. The present global recession has no precedent in terms of synchronization.