Economists don’t usually get involved in the messy work of making predictions, largely because they are terrible at it. Fortunately, before I was an economist, I was a trader, with a very good track record for making predictions after the last financial crisis.
What does the future hold for the economy after the coronavirus pandemic? Predicting the economy is always uncertain, but I fear for what’s about to unfold.
Some economists are predicting a “return to normal” after this crisis. But in my view, this group has failed to understand that the financial situation of a large number of important groups in the economy has changed significantly.
