by Daniel Amerman
The United States is currently reeling, as much of the nation shuts down in the attempt to prevent the spread of the coronavirus. We can only hope for the best when it comes to the containment of the medical crisis, and the lives of so many people in the U.S. and around the world.
At the same time, the economic future of the nation – and financial futures of the savers, investors and retirees of the nation – is rapidly changing in multiple ways. One aspect is that a recession has almost certainly already started. How bad it gets depends on what path the nation follows with CORVID-19 over the coming weeks and potentially months. While that path can’t be known yet, there is a good chance that the shutdowns will produce a particularly severe recession.