Even the most incurable optimist must be having difficulty rolling with the punches from the current flow of news. The impact of Covid-19 is complex, fast moving and highly uncertain. But it helps to deconstruct the current situation into 3 separate but related crises. Firstly there is a global health crisis in the form of the Covid-19 pandemic. This is understandably the primary focus of media news flow at the moment. We have no expertise in this area and no hypothesis on how it resolves, except to point out that it creates a high degree of uncertainty over the next 6 to 12 months. The second crisis is the economic ... (full story)