Sveta,
I know who he is of course, and did read his FT article.
He was not the only one who predicted this turn of events there were 100s of people.
I somewhat agree with his reasoning.. i posted many times what i think will happen.
I don't believe in U or W recovery at this point, my view is something like an L - shaped recovery.
At this point world governments injected about 20 trillion into the world economy in order to mitigate de-leveraging process.
I think this was a mistake, de-leveraging should have been allowed to take place.
We got a small bump up based on those actions, however we have made the problem worst on the intermediate term.

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Человек, который почувствовал ветер перемен, должен построить не щит от ветра, а ветряную мельницу