UBP's McFarland Sees Recession in Next Couple of Years

The video discusses market expectations for rate hikes, analyzing the bond market and its predictions. It covers global central bank policies, including actions by the US, European Central Bank, and others. The discussion also touches on economic recovery, the impact of quantitative easing, and potential future recession risks.

What analogy is used in the text to describe the current economic situation regarding interest rates?

What has been the impact of economic policies on long-term employment growth according to the text?