The Supply Chain Shock: A Global Synchronous Demand Shock

We track live traffic congestion data across all the major Chinese cities and they're pretty much back online. So I think China's back to work and Chinese supply chains will be fully back online within a month. The real concern, which I is what I argued to the RBA and the Prime Minister and the Treasury in February, is this is about a completely unprecedented global synchronous demand shock. But my point to the IBA and the government was you got this big time gap and fiscal monetary policy need to create a bridge between now and that future point of stability. Markets can't price the risk of a global pathogen destroying global economic activity and markets will fail if we don't do something quickly