Like everything in life, Covid is producing losers and winners, not the least from the tsunami-like global recession it has spawned. It’s even possible that the pernicious economic effects will linger long after the pandemic has faded—and that the winners will still be winners. That’s one of the issues explored in the latest episode of the Tällberg Foundation’s New Thinking for a New World conversation with German business leader Kurt Lauk and long-time top American central banker Terry Checki. Alan Stoga, Tällberg’s chairman, asks them what happens when the global economy collapses, but global financial markets boom.