Tim Buckley: These are unprecedented periods. We are residing with the uncertainty, pressure, and challenges of a worldwide health crisis blended with an orchestrated economic shutdown.
We know the slowdown is not brought about by a structural trouble, but we really don’t know how extensive it will very last. Even epidemiologists cannot pin down when the virus will subside and we will return to some feeling of normalcy.
In the meantime, unemployment is surging and the economic data will get worse. Get ready to listen to double-digit unemployment numbers and major contractions in GDP—20% or more for the second