Ramsey Smith, founder and CEO of ALEX.fyi, returns to Real Vision to share with managing editor Ed Harrison his economic outlook and his views on how the advent of COVID-19 has changed retirement portfolio construction as well as the nature of the annuities business. Smith notes that rising rates is good for the life insurance business because it is, like banking, a business that depends heavily on spreads. Smith thinks that the liquidity coming from stimulus will be helpful to markets. Lastly, Smith and Harrison explore to what degree society will return to “normal” as the economy re-opens.