Extreme Event Risk! LLC does not see a prolonged recession past the end of Q1 2021. The reasons, the new normal of mask wearing and social distancing will be embraced in the next quarter Q3; fiscal and monetary injections coupled with high savings rates in the developed world; low inflation expectations as a result of historically low interest rates and low to middling price movements, and finally, excess labor force capacity and wage flexibility to fill demand requirements as the global economy begins to grow.