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The Covid-19 crisis is not over yet, but the light at the end of the tunnel is getting much brighter. Key financial indicators are moving in a healthy direction, and most countries are seeing clear signs that the viral outbreak is under control.
Here are some chart updates, followed by my impressions of the key things we have learned so far about the coronavirus:
Chart #1
As Chart #1 shows, the Fed has responded rapidly and decisively to the Covid-19 crisis by almost doubling the supply of excess bank reserves in the span of about