In 1918 much of the world was as rural as it was during the Renaissance. Today, roughly 54 percent of global population lives in an urban area.

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Pangolin: Chinese delicacy known for its subtle taste and ability to destroy the global economy.

A species jump occurs when a pathogen gets transferred from one species to another. The coronavirus likely made such a jump from pangolins or some other wild animal that the Chinese eat or let freely roam in their food markets. The coronavirus is now making its second species jump, this time

from humans to the credit markets. Human-to-Credit While the daily point swings in the Dow Jones Industrial Average and S&P 500 Index make headlines, the real damage will be done in the credit markets. Patient zero in credit is the shale oil and gas producers. The Russian and Saudi…