The fact that economic reality in the US turns out to be far better than expectations is related to two main factors: the first is the media - swept away by catastrophic theories far more exaggerated than reality, and the second - the fact that there is never experience with these kinds of crises, which result from downtime alone and no further real cause. 

The media there tends to exaggerate the severity of the situation, too, because the media radiates events by their very nature, but also because of the hatred of much of it to President Trump. The second cause of exaggeration, as mentioned, concerns the unfamiliarity with such a situation, but the real danger is the typical increase in credit. Countries, such as firms and households, have increased leverage in recent years in the US, China, Europe, and Israel. The risk, especially in the zero inflation environment and low interest rates in recent years in the world. 

It is this combination that creates the big risk. The challenge in the coming period - of households, firms and governments - is to reduce credit leverage through spending cuts. As we approach our income levels, governments should cut spending and reduce their debt-to-GDP ratio. With the other challenges of returning to business, business is getting along just fine.