From the editor | March 21

It won't be official for months, but with America — and much of the Western world — sheltering in place, we are rushing headlong into a recession. No one can tell you precisely where this is going, as the global coronavirus pandemic worsens by the day, but today we're presenting our look at the next recession. Take a look at the surprising possibilities that will emerge at the first downturn in more than a decade, and prepare accordingly.

Daniel Malloy, Senior Editor

The Next Recession

The coronavirus crisis is sending the U.S. into a sudden downturn. What can we expect?

It's here, and it's worse than we could have imagined.

Experts and laypeople alike have been speculating for years about when America's spectacular bull run would end, and the reckoning has now arrived with a global pandemic sending the stock market and broader economy into a tailspin.

It was last August when OZY first explored the surprising consequences to expect out of the next recession — including a prediction about remote work that's already come true in the era of social distancing. In light of the coronavirus crisis, we've added fresh reporting and commentary to tell the tale of where we're headed in the coming months and years. Read on.

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News + Politics

What to Expect from Markets' Wild Ride

No one knows where the coronavirus crash is headed, but it’s best to start with a deep breath when considering your investments.

The coronavirus has forced us all into a Catch-22: a dilemma or difficult circumstance from which there is no escape because of mutually conflicting or dependent conditions.

Health comes first, and for humanity to successfully slow the spread of COVID-19, we must exercise social distancing, which negatively affects the economy. Health and economy have become inextricably intertwined. To boost one is to sacrifice the other.

Not surprisingly, the past few weeks have experienced some of the most dramatic market swings in history, comparable to those of 1929, 1987 and 2008. This week, the Dow Jones Industrial Average dropped 17 percent, its worst single week since October 2008. The moves have been swift and ferocious, leaving many Americans in a state of real pain and anxiety that comes with job loss or the threat of it. And then there are the mostly better-off but still anxious investors, perhaps fretting about a depleted retirement fund and wondering: What should I do?

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