Rickards: No Recovery Until 2045?
Authored by James Rickards via DailyReckoning.com,
The economy is now at a perilous point of departure. There was no V-shaped recovery, and one should not be expected. There was a severe contraction in March–April 2020, followed by a recovery in July–September 2020. However, the recovery only made up part of the lost ground, not all of it.