covid vaccine will, hopefully, silence the disease eventually, but it cannot erase all the scars.For instance, the massive stimulus across the world has inflated government debt and central bank balance sheets to abnormal levels.
Normalizing this would in itself be a big challenge and can be quite disruptive, with markets likely to be roiled. That’s just one of several problems ahead of us.There is some good news on the covid front and economic indicators have started flashing green.