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22.09.2020 41

The day after #11 - Post-crisis narratives that will drive financial markets

Published September 22, 2020

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EXECUTIVE SUMMARY


History is a cyclic poem written by time upon the memories of man

 Poet Percy Bysshe Shelley, 1792-1822

 

Today, investors have a unique opportunity to observe the spreading of a real virus alongside the viral nature of financial markets and the real economy. As Nobel Prizewinning economist Robert Shiller points out in his book, Narrative Economics: How Stories Go Viral and Drive Major Economic Events, “stories and images are created around new economic events1. In some cases, these stories are memories of the past and their spreading can have major implications regarding economic and financial markets.

 

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