V-Shaped Recovery for Me, L-Shaped Recovery for Thee: The Aftermath

This is from the weekly free edition of The Diff, the newsletter that tracks inflections in finance and tech. Last week was a five-part series on the most important trend in the economy today: the V-shaped recovery we see priced into the market and an L-shaped recovery for the rest of the economy. It’s not a call for pitchforks and torches, just an assessment of what’s going on right now. Some of it stems from forces that already existed (the world’s best-run companies are high margin and have more cash than they know what to do with). And…