The deep recession triggered by the coronavirus is the worst downturn since the Great Depression, but the hope is that the rebound will be equally swift and strong–a ‘V’ recovery. Unfortunately, the outlook for this best-case scenario is precarious.

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Global debt is soaring, posing a risk after pandemic fades: WSJ
Surge in US jobless claims filings expected to continue in today’s update: Reuters
Fed’s Beige Book paints grim economic profile for US: Barron’s
Business inflation expectation fell sharply in April: Atlanta Fed
US industrial output plummets 5.4% in March–biggest decline since 1946: MW
NY Fed Mfg Index falls to a record low in April: NY Fed
Homebuilder sentiment posts biggest monthly decline in data’s 35yr history: CNBC
US headline retail sales collapsed in March although some segments rose: CNBC