Central Banks Want a Recession, BMO's Davis Says

The video discusses the economic impact of rate hikes, focusing on past cycles in the US and Canada. It highlights the likelihood of a recession, which central banks may intend to induce to control inflation. The severity of the upcoming recession is analyzed, with predictions ranging from mild to hard, extending into 2024. The current rate hikes are driven by high inflation, unlike previous cycles, increasing the chances of a severe recession.

What historical events are mentioned in relation to previous rate hike cycles?

What is the likelihood of a recession according to the speaker?

What is the intended outcome of the central bankers' actions according to the text?

What are the potential severities of the recession mentioned for 2023 and 2024?

How does the speaker differentiate the current rate hikes from previous ones?