Welcome to a New World Order

The world, as we know, it will never return to where it was. The world was seemingly working reasonably well. Globalisation had been working with manufacturing and other industries running. Let’s not even dive in the rise of populism or something similar — that’s for another day. In general, the world was somehow working up until COVID19 showed up.

The disease showed up in China and began to cause lockdowns and shutting down of economies in many jurisdictions. Then, the supply chain stopped or at least severely hindered. Following that stoppage, more and more companies furloughed people or let go of their people. Governments were jockeying with their national banks to inject funds into the economy through monetary policy.

What’s important to note is while Governments were jockeying with monetary policy levers, each country began doing its own thing. Many countries decided to shut down for various reasons. Some countries like the US ignored the initial information and thus shut down too late. Still, Sweden took an entirely different approach and didn’t shut down at all. Sweden kept operating as if things were just fine and running normally. Regardless of the method, the virus’ end doesn’t appear on the horizon.

The virus’ end remains murky with some countries successfully bending the curve and others still experiencing an increase like the UK…