The stock market and the economy: Two different animals
COVID-19 has cut a swathe through the world economy thanks to government mandated lock-downs and restrictions. No business closes its doors voluntarily and no individuals enjoy confinement to “barracks” for months on end. It is therefore essential that there is an appropriate reckoning when the pandemic passes. It is clear that mistakes have been made, often fed by extravagant mortality projections, a hyper-ventilating media and posturing politicians.