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Recovery could also prove to be further papering over serious problems. Time will tell how robust a recovery it truly is.

This scares me. Here in Canada, the government scrambled to put "printed" cash into motion, and inflation is already having real impacts... Particularly on poor people. I worry we're only seeing the tip of the iceberg, so to speak. The same thing happened in the USA, but I suspect our economy here is less resilient to fluctuations.

Timing is the >one billion question. Markets aren't predictable because they are dynamic so any measurement and analysis affects the behavior of it's agents.

> The only reason it's not really acknowledged as such

Wait, there are significant sources that don't acknowledge the existence of a deep and sharp pandemic related downturn?