1957/58 pandemic GDP experience saw a quick recovery after a sharp decline
Recessions are short. Expansions are long.
About a quarter of the recently unemployed are classified as temporarily unemployed.
Equities lead economies.
Markets end up doing alright a couple years after hitting their initial lows.
S&P 500 earnings scenarios
The lenders of last resort
Covid-19 case lines by province in Canada
Total debts of US states and municipalities
Massive contraction in Canadian manufacturing
Biggest decline in US consumer confidence since 1973
30+ million jobless claims in 6 weeks
US unemployment rate the highest since the end of the Great Depression
The world is dragging down China’s attempt at a recovery
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The Covid-19 economic crisis is gripping the world. After 20 years in the asset management business, it looks like we are fighting through unprecedented territory.
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