What clues might the recovery from one of the nation’s worst recessions in the early 1980s offer you with regard to how the markets can emerge from the current economic calamity caused by the COVID crisis? For example, Lee Iacocca (and a certain White House resident) rose to prominence during the 1980s recovery by pivoting existing franchises to catch the coming wave. The 1980s expansion grew on the foundation of the “Material Girl” and everyone else living in a material world. The reason is, we are now experiencing not only an economic recession, but a worldwide quarantine to an extent that’s largely unprecedented. In Manhattan, not so much.”Perhaps the greatest likeness with the 1980s recession is that today’s convulsion appears to also come with an industrial transformation.

Source: Forbes May 08, 2020 14:15 UTC