After the Pandemic

(1) After the Great Virus Crisis, how will the economy be different? (2) A steep global recession with massive fiscal and monetary stimulus. (3) Demand likely to remain in shock longer than supply after GVC. (4) Moving supply chains closer to home is necessary and costly. (5) From just-in-time to just-in-case. (6) Aggregate demand is in shock. (7) Roundtrip for China’s M-PMI. (8) As parts supplies increase in China, demand for them falls everywhere else. (9) Massive job losses and plunging consumer confidence ahead. (10) Fiscal and monetary policies to the rescue, again?