Matt Rowe and Jared Dillian discuss the halts that Covid-19 has placed on the world’s economy. They delve into what’s next and the possibility of a recession and other financial crises. Growth will be impacted but Jared believes equity valuations will remain high. Dillian believes we should be focusing more on what the fed will do vs what the fed should do. The Fed will avoid trying to be embarrassed. Dillian delves into his personal reasons why he believes many valuations are crazy and discusses the Canadian housing market. The parallels between GM in 2008 and the airlines today are discussed.