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August is the killing season. Could 2020 be different? – The Australian Financial Review

There is every reason to fear another sudden market and economic collapse. But there are a surprising number of silver linings in this storm.

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That would trigger renewed lockdowns and place even more pressure on those working toward a vaccine. But what if the phase-three trials for all of the most promising vaccine candidates were to fail?
Moreover, no worst-case scenario can leave out US President Donald Trump, who is growing desperate in the face of rising infections and falling poll numbers.
Imagine that Trump were to lash out at China even more aggressively, heaping on additional import tariffs, banning entire categories of Chine…

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