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14 Charts on the State of the World (May 1, 2020)

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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