Necessity – the mother of invention. Needs have arisen to confront Coronavirus, and to address the resulting economic disruption and financial market uncertainty. And inventive responses in turn have emerged. Social distancing may not have been invented in 2020 but its global adaptation is unique. The speed and severity of the pandemic shock to economic activity required inventive thinking and implementation on the part of government. The financial industry, always inventive, has been addressing investor needs both real and perceived. A look at some recent “inventions” can provide perspective and implications for investing in the current environment.
Necessity
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