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WASHINGTON, DC There is an adage that you cannot have back-to-back financial crises. The implication is that a financial crisis causes people to be more careful, so any bank, investment firm, or investor who survives one crisis will not be taking big risks anytime soon. But two years after the onset of the COVID-19 pandemic forced lockdowns, quarantines, and other
WASHINGTON, DC There is an adage that you cannot have back-to-back financial crises. The implication is that a financial crisis causes people to be more careful, so any bank, investment firm, or investor who survives one crisis will not be taking big risks anytime soon. But two years after the onset of the COVID-19 pandemic forced lockdowns, quarantines, and other
Many governments’ initial reaction – attempting to ban travel from South Africa and neighboring countries, even though Omicron had already spread far and wide – seems a bit desperate