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Rothschild & Co./Kevin Gardner/6-9-2020
“It will take longer to get out than it did to fall in. Lockdowns will ease more slowly than they began; many businesses and jobs may not make it to the other side; renewed contagion is possible; some habits may change. But nobody expects a symmetrical recovery anyway: the perfect V-shape is the pundits’ straw man.”
USAGOLD note: Rothschild & Co.’s annual assessment of the global economy and investment climate offers a reminder of the issues investors that dominated investment market psychology before the pandemic obliterated the financial landscape. “Memories can be short … ” writes Kevin Gardner, the firm’s global investment strategist.