A V-Shaped Fantasy: Some Historical Context
Anyone who continues to believe in the cosy fantasy of a V-shaped recovery should take a look at these graphs from the St. Louis Fed which plot the four main economic indicators that the NBER data committee tracks [the NBER is the official arbiter of recessions in the U.S.]:
St. Louis Fed: Tracking the Recession
As far as I can see, these graphs contain no room for misinterpretation.
Alex Dumortier, CFA