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SMLL - History Warns Us To Avoid A W-Shaped Recession
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"Those who do not study history are condemned to repeat it." And the rest of us are condemned to repeat George Santayana.
Will the Coronavirus Recession of 2020 be V-shaped? Or U-shaped? If we fail to heed the lessons of history it is likely to be W-shaped, with incipient recovery followed by successive relapses into sickness and recession.
As has been widely noted, we would have been better prepared to cope with the Covid-19 pandemic in the first place if everyone had paid more attention to the past history of epidemics. Be that as