RIO DE JANEIRO, BRAZIL - The euphoria of investors earlier in the year gave way to uncertainty when signs of an epidemic began to emerge in China on the eve of the Lunar New Year.
Since then, the world has changed. The coronavirus was given a name (Covid-19), spread to all continents and forced countries to close their borders, plants to shut down and millions of people to take refuge in their homes.
The economic losses caused by social isolation are still incalculable. But the financial market is already suffering trillion dollar impacts.
By last Wednesday, March 25th, the sum . . .