Tuesday, March 3, 2020

Pandemic: A Slowdown or a Recession?

Back in 2013, I wrote "Predicting the Next Recession". Since then, I've updated that post several times, most recently last September . In that post I noted that the next recession could be caused by ... " An exogenous event such as a pandemic , significant military conflict, disruption of energy supplies for any reason, a major natural disaster (meteor strike, super volcano, etc), and a number of other low probability reasons. All of these events are possible, but they are unpredictable ..." emphasis added Now that a pandemic is here, the question is: Will the economy just slow down, or will ......(read more)
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