In 2018, I shared my thoughts on what ten lessons from ten years since the credit crunch might look like.
Reading it back during lockdown, the overall (positive) tone seemed to me that the worst was behind us and that despite continuing challenges, economies were looking ahead with a degree of confidence.
Surprisingly, and with our long-term perspective in mind, I still think there is reason to be optimistic, even given what we are now living through.
Countries are gingerly easing movement restrictions and taking incremental steps towards some kind of return to what we used to consider normality but few - or even none - can pinpoint the reality of what might hove into view over the horizon.
We have a return to headline-hogging huge numbers.
Britain sold its first-ever negative yielding bonds in history earlier this month. And the auction was oversubscribed, a sign that the government will continue to bolster the economy. This may be a case of the bleedin’ obvious but could it scarcely be prepared to do anything else?
Governments across the globe will be acutely aware of deflation and will aim to inject spending to guard against demand dipping further still.
From the EU to the UK and China to America, what’s being grappled with is the question: do we have enough resources to climb out of this and move forward? Especially if it happens again?
I think we do, especially if there is coordinated, concerted action, such as the international effort to identify a vaccine.
And changing the way we do things is a key part of this recovery. I’ve returned to the technology theme in a number of my posts and innovation and risk-taking will be part of revitalising our bruised economies.
So when titans such as Amazon buys a self-driving electric car business in the midst of the pandemic, it’s a sign that boldness, new ideas and yes, abundant capital, are likely not to retreat but to rekindle economies currently laid low.
Returning to the original starting point, I can certainly come up with ten thoughts for life after ten weeks of lockdown (and I will).
But amid the understandable pessimism, it should be heartening to recognise those who are already looking beyond the virus to contribute to the reconstruction effort.