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Next recession risk surging due to coronavirus acceleration: Chun Wang - Business Insider

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'Recession risk has risen dramatically': A Wall Street expert warns the coronavirus-induced market meltdown is just getting started — and says policy responses are way behind the curve

, an investing podcast. "We could be looking at recession within the next six or 12 months."When Wang refers to "limbo," what he's referencing is the level of ambiguity surrounding theimpact on the economy. Right now, he thinks the potential outcomes are fraught with uncertainty — and policy makers aren't helping the cause.

"You got to get in front of the curve — get ahead of the curve to actually provide any benefit in terms of stabilizing market sentiment," he said. "I don't think we're going to see anything like that." "We basically think coronavirus is an accelerator, not a catalyst," he said. "Basically, we think if consumers and businesses — like you said, hotels — change their behavior and start to pull back, we could be looking at recession within the next six or 12 months."

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1000%

Reading articles like this , not for the article (well done) but considering the timing , next week will be a green buy

Ok lets all get fired, stopping leaving, stopping traveling, staying home until 2021. This is so silly and hippocratic! Its easier to die of tuberculosis than Corona. Midia is ridiculously irresponsible nowdays - Dont bring the big picture.

Bears will be soon punished

vs at the same time...

If we get out if here with just a recession, it will be a miracle.

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