Signs of Recession Likely in Beginning of 2020, Bank of Singapore Says

The video discusses the current economic landscape, focusing on the yield curve inversion as a historical recession indicator. It highlights the unique economic conditions due to prolonged QE programs and low term premiums. The discussion includes the Fed's role in managing growth and unemployment, and the divergence of US rates from Europe and Japan. Predictions suggest signs of a recession by late 2019 or early 2020, with rates continuing to rise and Europe and Japan lagging. The video emphasizes the importance of considering multiple indicators beyond the yield curve for economic forecasting.

What does the speaker suggest about the relationship between US rates and those in Europe and Japan?

What is the speaker's opinion on the likelihood of a recession occurring in the near future?