Exogenous event required for recessions. COVID-19 is that event. Vimal Gor

"You need exogenous events to take us into recessions. I believe this is that event." Vimal Gor, Head of Bond, Income & Defensive Strategies at Pendal Group.

I suspect that Vimal may be one of the smartest fixed interest managers in Australia. To be an excellent fixed interest manager, you must have an extremely good handle on what is happening in economics - globally and in Australia .... and Vimal definitely has an extremely good understanding of that.

http://puzzlefinancialadvice.com.au/2020/AFR/200229_AFR_Quick_retreat_as_virus_infects_world_markets.pdf

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