What Financial Experts Are Saying About the Health Crisis

I am quoted in this U.S. News & World Report/WTOP article:

This is not another Great Depression.

This health crisis “is a once-in-a-century event that the world has not experienced since the Spanish flu of 1918,” says David Kass, clinical professor of finance at the University of Maryland’s Robert H. Smith School of Business. Fortunately, the U.S. entered the crisis with a strong economy and banking system. Kass predicts “the stock market and the economy will start to recover as soon as the number of new cases declines sharply,” likely with the “development of therapeutic treatments by the end of the summer.” But the economy won’t fully recover until there’s a vaccine, which could be two years away. While the duration of the health crisis remains unknown, he says it “is definitely not another Great Depression.”