What is the definition of a depression?
And why do you think that it will get worse if we reached the peak?
1. Peak doesn’t mean it will drop off quickly, it can level and stay level for a while
2. Peak in current areas doesn’t mean national peak for places who’s spread hasn’t peaked yet.
3. Peak doesn’t mean no rebound, like what’s been reported in East Asia (ignore China, they’re liars anyway) in mid-late March
4. Peak infection/spread says nothing if it’s a result of economic shutdown that cannot yet be lifted without risking another (higher?) peak.
5. Long term effects on the economy, employment numbers, etc. are still TBD. Those will be affected for sure in the medium-term, the question is to what extent. Doomsayers are saying the government’s 2.2 trillion CARES Act/stimulus was too little, too late, not tricking down efficiently, and not going to make much of a difference.