When the tide goes out, you can see those who have been swimming naked, or so the saying goes. Guy Stephens explores the new normal for markets and argues the overextended businesses supported by cheap debt will likely be quickly exposed
Now that we have several Covid-19 vaccines it is surely only a matter of time before the virus is defeated and the whole saga becomes part of history. There is hope that 2021 will be the year the virus was eradicated, and life was able to return to normal. However, that ‘normal' has been changed, permanently for the bereaved, but in other cases, economically. Some sectors such as hospitality will return, with pubs, restaurants and holidays continuing to appeal as they did before, if not more so due to their extended absence. A surge in demand is likely as individuals crave leisure ...
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