Comparing the Great Virus Crisis & the Great Financial Crisis

(1) A tale of two calamities: Lehman and the pandemic. (2) Global measures of production and exports show similar recessions during GFC and GVC. (3) U-shaped recovery back then. (4) V-shaped recoveries for PMIs and leading indicators now. (5) US forward revenues and earnings bottoming. Mixed picture overseas. (6) Much more and much faster monetary and fiscal stimulus this time. (7) Comparative credit crunches. (8) Inflation remains subdued around the world, giving policymakers room to stimulate, for now. (9) Movie review: “Summerland” (+ +).