The True Economic Consequences Of The COVID Peace
(3 min read)
The war against the COVID-19 pandemic appears to be in its final stretch with the news of two Western vaccines, but investors seem stuck thinking small. Many are focusing on tourism returning or restaurants re-opening. Meanwhile, others are re-hashing debates from the 2008 financial crisis on whether excessive government and central bank actions will lead to equity market bubbles and inflation. What they are all ignoring, however, is that the world is experiencing the largest shock to society since the Second World War.
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