by Claudio Grass, Claudio Grass:
As we get deeper into this crisis and we get used to our “new normal”, it’s easy to focus on the daily corona-horror stories in the media or the latest shocking unemployment numbers, and lose track of the bigger picture and of what is really, fundamentally important. Even as the lockdown measures begin to get phased out, the scale of the economic damage is unimaginable and the idea of returning to “business as usual” is no longer tenable. The last couple of months have had a severe impact not just on the economy, but on our societies and geopolitical reality too. These changes are most likely irreversible and we as citizens and as investors will have to be prepared to deal with this massive shift and all that it entails for a long time.