Both Bitcoin and the equities market have mounted a strong comeback from their lows, but there are still storm clouds brewing on the horizon for the economy and for society more broadly.
In a recent speech, Jerome Powell of the Federal Reserve warned that the ongoing recession caused by the COVID-19 outbreak is one “without modern precedent.” The Bank of England echoed this line to a T, saying that the United Kingdom could experience its worst recession in 300 years.
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