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Bloomberg.com to get context. Hello and welcome to another episode of the Odd Lots Podcast. I'm Joe Wiesonthaw.

I'm Tracy Allaway.

And I'm Joe Weisentho.

So Joe, I think it's fair to say that the world is in a pretty bad place right now? I would not disagree. We just had

jobless claims. Those are still pretty bad. Obviously we have a huge question mark over the US

economy. Europe has been doing very poorly as well, but I think it's also fair

to say that some parts of the world are doing worse than others.

Yeah, it's really interesting because of course you have to disentangle the sort of health crisis specifically from the economic crisis.

There are parts of the world that may actually be doing better in a surprising sense in terms of the outbreak of the public health

crisis, the virus, but obviously not getting spared at all from the fact that so

much commerce is at a virtual standstill. So even places that, yeah, where the numbers don't seem as bad as the UK or the US from an economic situation they may be even worse potentially.

Yeah, but you also have some parts of the world where both the health crisis and the

financial crisis is pretty bad.

And I'm thinking specifically of emerging markets.

So these are countries that don't necessarily have a really developed health system.

And they certainly don't have a lot of money necessarily to suddenly direct to containing a pandemic.

And now, of course, they're dealing with an economic crisis that is making the money that they have even well reducing the amount of money

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