I have a theory developing on the relationship between virus and macro economy, especially if it evolves and becomes more aggressive. I first remove the virus from the equation to better show the cause and effect.
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If we take corona out of equation other major economies were in worse shape (neg rates) than US however most are low debt, low consumption, frugal. So when we put it back in we could see a situation where they’re in a better position to weather the storm if evolves, gets worse.
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