Dr. Rasmus stakes out his explanation of the current deep crash of the real economy. Why the economy was already headed for recession: a review of 2019 slowing economy. The role of the health crisis as a precipitator and accelerator of an already slowing economy. The various programs by Congress to provide a fiscal spending mitigation of the contraction are described. Why the emerging recession will not result in a V-shape recovery but rather a W-shape scenario, with short rebound followed by a further slowing of the economy and subsequent short, brief rebounds and weakening again—all typical of Great Recession trajectories. An extended Q&A follows.