The tail risk angle is pretty interesting. We have a pretty good idea of the upper bound of mortality of the virus, and we also know that with some basic precau

The tail risk angle is pretty interesting. We have a pretty good idea of the upper bound of mortality of the virus, and we also know that with some basic precautions the worst case scenario can be avoided. It's worse than the flu, but not 10 times worse. On the other hand we have no clue what the end result will be of mass unemployment and food insecurity for millions who used to be middle class, on top of unprecedented central bank policy. It's pretty reckless to shut down the world economy and hope it will turn out OK.