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From bad to worse. There were few places to hide on another punishing week for global equity markets as the coronavirus-related shutdowns continued to wreak havoc on the global financial system. Tremors of instability turned into outright earthquakes as a mounting wave of government-mandated shutdowns spread across the globe, pushing millions of Americans out of jobs and into the unemployment lines. Despite unprecedented monetary policy action by central banks and promises of substantial fiscal stimulus, a forthcoming recession appears inevitable and unavoidable based on the magnitude of the economic shutdowns, but