Because the dollar is the leading international reserve currency, and because some emergingmarket countries use the dollar as a reference point when managing the values of their own currencies, the saving flowing out of the developing world has been directed relatively more into dollardenominated assets, such as U.S. Treasury securities.
An example of such fractures is that there now exist groups of people who can work from home and those who cannot, those who remained on payroll versus those furloughed. There are also those in different business units who have been impacted differently. Needless to say that the pandemic has scarred current generations, and that it will also affect future ones.