And just like that, you have managed to live through the worst first quarter on record in the U.S. investment markets. You also endured the onset of your first global Pandemic. Social distancing and business closures have raised uncertainty about the extent of business disruption in world economies. With so much commerce turned off until further notice, it’s clear we will face a sharp economic contraction this year. However, at the risk of sounding detached from current reality, all is not lost.
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