When Alice entered the strange and surreal world through the looking glass, she retained the power of rational thought. Perusing her new surroundings, she begins Chapter Three by deciding that “Of course, the first thing to do was to make a grand survey of the country she was going to travel through. It’s something very like learning geography, thought Alice.” Our Coronaworld is a little like this, a surreal version of the world-that-used-to-be with strange new rules and conv

Some readers may have listened to me discussing the post-Coronavirus trade scenarios with Richard Meade of Lloyd’s List on one of their recent podcasts. We discussed the possibilities of a V-shaped, U-shaped or even an L-shaped recovery. The more I consider the possibilities for the future, the more I feel certain that we will have a W or M-shaped recovery, one that looks like the track of a kangaroo jumping along the X-axis of a GDP chart. Until a medical solution is found t