I am pessimistic with regards to virus but optimistic with regards to economy. I think people underestimate how difficult it is going to be to fight the virus.

I am pessimistic with regards to virus but optimistic with regards to economy. I think people underestimate how difficult it is going to be to fight the virus. I think it is pretty much too late now. Only early and very decisive moves would have been able to stop it, the way China did, but it is way past that point. But, I think we underestimate how people can learn to live the new normal. There will be people hit very profoundly, but overwhelming majority will adjust. We have maybe stopped spending for a bit fearing the worst, but now it seems we already reached the worst and so people are going to learn and resume their lives.