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April 03, 2020

Here’s how the coronavirus-caused economic plunge is different from 2008.

The Great Recession hit during a time of economic instability with massive market speculation, falling home prices, and no Fed playbook for recovery. The current crisis befell us during a boom economy. Its duration depends not so much upon declining numbers in the Standard & Poors Index as on increasing numbers of COVID-19 cases and deaths.

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