Before this year, what % of professional investors (at banks, pensions, hedge funds, etc) spent more than an hour in total seriously considering how a global pandemic might affect the economy?
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Note division of labour: investment organisations presumably delegate such considerations to some people, not all investors.
Yeah, but if I was a professional investor who'd been reading The Economist for the last few years, I'd have already been having nightmares about pandemic-induced recessions long before this year... I'm just puzzled that people act like this is a surprise.
