As I am sure everyone is aware, one of the biggest side effects of the COVID-19 mess is that the economy has taken a nosedive. Financial assumptions that were true a few weeks ago are no longer valid. On top of that, we are looking at a recession, unlike any other. Usually, by the time the economic data is available to confirm that we are in a recession, the recession is almost over. This time, however, economists can point to the second week of March, and say that is when the recession started.

Looking for the light at the end of the tunnel, unlike in 2008, when there was a fundamental flaw in the banking system that brought down the economy, this time, the powers that be made the conscious decision to choose saving lives over the health of the economy, a choice that is certainly justified. Right now, we are in a down economy because people all over the world are getting sick and dying, and our government leaders have shut down the economy to combat the virus’ spread. The assumption is that when the virus passes or at least pauses, the economy will come roaring back. We all hope so, but what if it takes a while?