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Now that governments around the world are moving to end lockdown measures and get the economy going again, the question is: what now?
It’s the law of economics that leaving markets to their own devices, they will naturally tend towards growth. Can we expect to return to normal? When will the markets go back to what they were before the pandemic?
A lot of people might be saying that things have changed forever because of COVID-19. And in some policy respects, they might be right.
But this is not the first time the world has had to deal with a major pandemic. It doesn’t even rank in the top 50 most deadly or devastating pandemics.
At the time, the 1918 pandemic was just as scary and momentous (if not more) than our current situation. But the ten years after it are known in history as “the roaring 20s”.
Learning from Experience
Of course, there is a reason we always repeat that past performance does not equal future results.
But, we can look at previous events for ...
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