Everything we heard about Covid-19 was true. The novel coronavirus has killed millions of people around the world, left others seriously impaired, and turned even the simplest acts, like hugging our loved ones, into potentially deadly encounters.
Yet everything we heard about Covid-19 was also wrong, at least in relation to the economy and financial markets. Exactly one year ago, as the virus began to spread across the U.S., the economy effectively shut down, leaving more than 20 million people unemployed and sending the stock…
