Is the stock market completely decoupled from reality?

But has the economy recovered at all? Is the COVID-19 crisis really over? Nobody can know for certain what will happen in the autumn, but many researchers and medical professionals are warning about the possibility of a serious second wave of the virus. And in the US they have – on top of all the misery caused by a pandemic – massive civil unrest and political uncertainty ignited by the killing of George Floyd. Yet, if you look at the stock markets and the US markets in particular, it would seem as though everything is just as rosy as it was in January. I find this completely absurd.

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The power of eyewitness videos

The human brain is wired so that watching something horrific unfold in front of your eyes is much more shocking than hearing or reading about it. I was vividly reminded of this when I saw the eyewitness video of George Floyd’s death. This is the same video that quickly spread across the internet and sparked massive protests not just in the US but also in Europe.

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Few Europeans understand what's going on in America

Let’s hope that whatever is happening in America will play out peacefully and that this process will eventually have a positive and unifying impact on American society. There are many ways for us here in Europe to show support and solidarity for a good cause. Joining a support protest is just one of those ways. And in the end, perhaps all of this will inspire us to shine a light on our own problems too, the ones here in our own communities – the ones we all too often turn a blind eye to.

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