Finance and Covid-19: The biggest dangers lurk in risk-free markets

As government debt burdens keep rising to fight the virus, so do the chances of sudden sell-offs that could suck all markets into a vicious downward cycle.

Euromoney asks the head of investment banking at a large firm if he fears that the true extent of the economic damage from the coronavirus will only appear when the vaccines roll out and governments rein in emergency support.

He is not, it turns out, a worrier.

Rather, he expects the boom conditions that helped his business pull in record revenues in 2020 to roll over into 2021, albeit with some differences.

“Remember that, after the devastation of the Spanish flu we had the roaring 20s,” he says, later asking not to have this quote attributed to him.

Thanks for your interest in Euromoney!
To unlock this article: