When does a Pandemic become a Permademic?

The trend toward lower Covid infections has reversed.  The reality is that the Pandemic is becoming a “Permademic” that will influence economic activity and markets for a long time.  Particularly worrying is the fact that high vaccination countries are still vulnerable to large-scale outbreaks.  The economic effect will be like driving a car with the brakes lightly applied.  It doesn’t stop the car.  But it hinders performance and there is a constant burning smell.

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