The Winds of Change
The Memo by Howard Marks
The World Economy Is an Infinitely Complex Web of Interconnections
Senior economics consultant neil irwin summed up our situation very well in the new york times on april sixteenth. 20 20. The world economy is an infinitely complicated web of interconnections. In the years ahead, we will learn what happens when that web is torn apart by the pan ic and resultant lock down. It opens the possibility of a global economy completely different from the one that has prevailed in recent decades.
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