COVID-19 is the macro event of our lifetimes, affecting the life and business of virtually everyone on the planet. For the global economy, the speed and depth of the pandemic’s effects represented an unprecedented shock. Global impact In their report released near the end of January, the International Monetary Fund was predicting 2020 would be …

As has been the case in many financial markets, the global cotton supply chain has been distorted by the U.S.-China trade dispute. At the fiber level, the dispute has interfered with flows between the world’s largest exporter and the world’s largest importer. Since July 2018, U.S. cotton fiber exports to China have been hit with …