Commentary 
The United States is in recession. While two consecutive negative GDP prints is a raw (technical) measure of a recession, there’s no escaping from it anymore.
Essentially, many are wondering, how deep will the recession be? As I have detailed in my previous columns, the coming economic downturn is likely to be very deep indeed. I don’t think we are facing just a recession but a “multifaceted economic crisis” consisting of several overlapping crises.
How does one prepare for such an event?
I have studied economic crises for 14 years, of which 10 years were in academia. Our firm, GnS Economics, has, since June 2018, provided guidelines for crisis preparation. Here, I will provide the building blocks of recession and crisis preparation for households and companies….