That sounds about right.
In other news, the markets are tanking worldwide. Just about all the gains here in the US has been wiped out in the past month.
As the COVID-19 situation goes on, it will get much worse.
New York is banning gatherings of more than 500 people. Apparently this is shutting down Broadway shows. Big bucks there, same as with all the sports events and the possible canceling of the Olympics this summer.
I hope they don't try sugar coating it as a recession like the last couple of times. Just tell us straight out that we're headed into a full blown depression.