Succinct Summary: It is quite clear by now that we are in a recession. The hope is that this is a different kind of recession and that we will be out of it quickly. But that depends on the trajectory of containing the virus. The good news is that things in China look better after containing the virus. Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading and want to help us keep it going, click here to donate (Our suggested donation: $10 per month).