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Virus pandemic's long-term pain is just becoming clear to markets

An indisputable takeaway from Covid-19 crisis is massive expansion in global debt

Even as they cheer news about economies re-opening and progress on medical solutions for the coronavirus, investors are being diluted by corporate capital raising.


THE best month for global equities in almost a decade may be enough to convince investors the light at the end of the novel coronavirus tunnel is not a train, but the debate on what comes next is only just beginning as they adjust their focus to a financial landscape utterly changed...

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