A Recession Is Looming

  • It seems reasonable to assume that the coronavirus outbreak is morphing into a global pandemic and that the US will not be spared from community spreading.
  • This will compound the economic damage already washing up from abroad through domestic disruption and worsening business and consumer confidence.
  • Stimulus will be of little help as much of it is a supply issue and rates are already very low.
  • We therefore think a recession is likely.

Source: A Recession Is Looming | Seeking Alpha