Simply put, such excessive speculative valuations are assuming that an effective vaccine shall be widely distributed and Congress and the Fed will finally make a comeback and launch trillions extra in liquidity.
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It will - again, for individuals who severely consider in it - be conducted with the arrogance of figuring out that it was about constructing a fascinating and durable new national and geo-political strategy which concerned endurance, the formation of recent relationships externally, and the event.
Climate-driven disasters may spur cross-border migration as households seek safety or jobs - or dry up tourism, as repeatedly storm-slammed Caribbean nations have discovered.
The financial parallels are much less persuasive but Mr.