• Bill Blain
• 28 Aug, 2020

Whole sectors of the global economy remain shuttered, commerce is hostage to infection outbreaks, businesses face unprecedented solvency problems, while unemployment is set to explode. Global supply chains remain fractured. Consumption could plummet. Government deficits are expanding at a record pace to finance bailouts, support, furloughs and rescues. The outlook has never looked so dire, yet stock markets have risen to record levels, apparently ignoring the single most sudden, profound and
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