This past November, I published a blog post regarding the looming threat of rising global debt, which reached $255 trillion by year’s end. The blog discussed the issue of corporate debt default rates being susceptible to sky-rocketing in the event of a recession, which was supported by a report from the International Monetary Fund (IMF). As we stand today, two months into the coronavirus outbreak, this belief is becoming actualized. With factories being halted, stores shut down, and consumer spending down significantly, many countries are expected to face major economical ramifications. In the U.S., Goldman Sachs analysts already project that second-quarter 2020 GDP will decrease by about 25%, which if true, would mean the largest drop ever recorded in U.S. history by a 15% margin.