Tim Buckley: These are unprecedented situations. We are residing with the uncertainty, strain, and difficulties of a global wellbeing crisis merged with an orchestrated financial shutdown.
We know the slowdown is not brought on by a structural difficulty, but we never know how long it will final. Even epidemiologists just can’t pin down when the virus will subside and we will return to some sense of normalcy.
In the meantime, unemployment is surging and the financial information will get worse. Put together to hear double-digit unemployment quantities and major contractions in GDP—20% or far more for the next quarter.