I hope that you, your families, your friends and your colleagues are staying safe and aren’t going crazy in isolation. I live in Northern California and (gah!) am in the over-60 demographic, so I’ve been sheltering in place for days. The good news is that, without sports on in the background, I’m being wildly productive.
As I have searched for an analogue that would help me get my head around the global pandemic and its two-by-four to the face of the economy, it has occurred to me that I have a fairly good one. I was the bureau chief for the Wall Street Journal in Mexico City during the peso devaluation crisis that began in late 1994. So I watched, up close and personal, a crisis that threatened to not only take down the Mexican economy but also spread to the rest of Latin America and eventually to throw the U.S. into a recession. Read More