(Image: Anthony Behar/Sipa USA)

Early economic data released on Thursday in Europe and the US is indicating a black hole, sucking everything within reach into a collapse in demand the size of which we haven’t seen in 90 years -- or possibly ever (in the case of aviation and travel, for example).

Evidence of the black hole provided a welcome dose of reality for the great COVID-19 recovery party which has seen governments, politicians and business continue to believe that it will be back to 2019 in a "V" bounce once the lockdowns are eased or lifted.

Snapback here we come!