And BOTM-UFJ's Rupkey added on the..........>

US VIEW: And BOTM-UFJ's Rupkey added on the recession that "all the Fed's models

have been unable to predict one over the years: "all of a sudden, things go

vertical;" we can't see it coming. There can be warning signs and a buildup of

imbalances that worry economists for years, and yet the economy's sudden decline

and soaring job losses are still unexpected when they suddenly appear."

- He adds "the world is in a better place certainly as the IMF said, although

the world growth forecasts for this year and next year were only revised up

one-tenth: 3.6% in 2017 and 3.7% next year in 2018 to look forward to. Growth

has been fairly steady overall, the weakest year recently being 3.2% in 2016." 

- He said however that "things can change quickly from the best of times to the

worst of times."