Think - and avoid surprises!
The CEOs and founders are proclaiming: “we will emerge from Covid-19 better than ever.” Great powerful words. But I ask you to use awareness and observation because no one really knows, and some leaders will never admit to truth. This is the deal: no one knows it all, and do not outsource your thinking believing everything. Think - and avoid surprises!
It may take more than a year for the U.S. economy to bounce back from the pandemic, said Federal Reserve Chairman Jerome Powell. In a rare televized appearance on CBS News’s “60 Minutes,” the U.S. central bank chief said that the recovery from the “biggest shock that the economy’s had in living memory” may take "a period of time, it could stretch through the end of next year, we really don't know.” If the virus persists, governments may need to do more to support people and businesses, he added.
Meanwhile, SoftBank Group reported an $18 billion loss in its massive Vision Fund for the fiscal year, mostly from losses on its stakes in struggling startups WeWork and Uber. Billionaire founder Masayoshi Son said some of the companies he'd backed had fallen “into the valley of the coronavirus," but added, “I believe some of them will fly over the valley, Fortune reports.
