Covid-19 will always be with us, lockdowns don’t help – With insights from The Wall Street Journal
Stock markets took a hit yesterday as the Delta variant of Covid-19 raised concerns of more lockdowns. On Wall Street, the Dow Jones Industrial Average lost 725 points, its biggest reverse since last October. The market decline is especially hurting "meme stocks" the social-media driven shares favoured by ignorant punters. The WSJ's Editorial Board comments in today's newspaper (see below), the panic is being caused by misunderstanding and it pleads to the political class to avoid the lockdown mistake. While the Delta variant is clearly highly contagious, vaccines are working – and although they won't prevent us getting infected, they substantially reduce the symptoms and mortality risks. – Alec Hogg
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