How Risky Is Covid? Here's a Way to Look at It.
This one piece of research can help clarify the issue for market watchers.
Gauging Covid risks starts with the letter R, and that stands for the reproduction rate.
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It is difficult not to think in circles about Covid-19. There is a welter of research out there, very little of it yet subject to intensive peer review. Whatever your initial bias, someone somewhere has research to confirm it. To organize thinking, I would like to highlight just one piece of research — from Andrew Brigden, chief economist of Fathom Financial Consulting in London — that brought together the various strands better than anything I have read so far, or at least organized the problem for asset managers in a very useful way.