The “Immense” Recession?

By Roman Chuyan, CFA Economic numbers for March are the worst in decades. A 10% peak-to-trough GDP contraction is expected this year – 2.5 times the 2008 downturn and the deepest since 1946. In four weeks, 13.4% of the entire US labor force filed for unemployment. A 10% cumulative peak-to-trough...