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Negative wealth effect + isolation: How reduced socialization could worsen a pandemic recession

By Guest Columnist BOB WILLIS, CEO, Willis Investment Counsel

For decades, I have maintained a professional diary of my thinking as chief investment officer for an investment management firm located north of Atlanta. Earlier this spring, when the pandemic led to safety precautions at our office, I headed to my mountain cabin to work remotely – which stimulated more thought and reflection, and a lot of writing. Bear with me as I reveal a few excerpts from back then, and now.

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