The Longer This Goes On, The More It Will Hurt

摘要

Last month, I began this column by saying that I was speechless and in a state of shock. I still am. I opined this disruption "will all taper off by summer, and no doubt the unemployment rate will have exploded. GDP will be in negative territory for the third quarter, if not even the second given the economic walloping we took in March when the virus exploded in the United States. But I think this could be a slingshot recovery ..." For those who have followed my writings these last decades, you know that I am the eternal optimist; even in the throes of the Great Recession, I touted the progress our industry made, month-by-month and year-by-year, until we were back to normal by late last decade. But for the first time in my almost five-decades long career, my crystal ball is as cloudy as it has ever been, and my optimism has been shaken.