The Capital Blog

I’ve been in the business world for over 25 years. As I look back on the work I’ve done and the path of my career, I’ve noticed that there’s one factor above all that has gotten me to where I am: Relationships.

The spiky little virus known as Covid-19 attached itself to our lives and ended what was our old version of normal. This pandemic has halted life as we knew it, laying bare the structural inequities of our society. Healthcare, government, education and the economy — pillars we relied on — began to crack under the pressure of a society relying on them to uphold the very foundation upon which we rest.

It is to the U.S. government’s credit that stock and bond markets have remained strong despite unprecedented unemployment claims and substantial economic losses to many businesses brought on by the COVID-19 pandemic. Not only has the government provided individuals and small businesses with stimulus checks to help them weather the storm, but it has revived its policy of quantitative easing (“QE”) — firing up the printing presses to create money to buy long-term securities — that we last saw in action during the 2008 crisis. With talk of another round of stimulus, many of us are asking ourselves at what point does government support end so that we’re faced with a market reckoning?