We often think of history as a series of continuous and incremental steps that get us from where we were to where we are.
To some extent that is true, but history is sprinkled with pivotal moments where big changes occur. We are living through one of those moments right now.
We will recover from the COVID-19 pandemic and financial markets will also recover eventually. But the world will not be quite the same. I don’t know exactly what will change, but I’m sure the public will want assurances that this can’t happen again. We are still living with airport screening as a result of 9/11. Something will change after COVID-19.
Meanwhile let’s all work together and get through this. Pay attention to what’s going on because we are indeed making history.