She added that this market crisis is unique in that there has been an incredible amount of fiscal and monetary stimulus. This raises concerns about the possible debasement of the currency, Kaminski said.
She outlined two potential scenarios for the economy in the next few months: one, that the economy would slowly recover and return to pre-crisis levels. In the second case, the recovery would be weaker than expected because many companies never come back or come back in a much weaker condition, with far fewer jobs.
She also cautioned that the historically high government stimulus packages, with more stimulus now under consideration in Congress, could “overstress the bond markets.”