This was the official family’s finest hour – Australia’s own “Draghi moment” – where historic tensions between Scott Morrison’s government, the Reserve Bank of Australia, the corporate and banking regulators and the banks dissolved as Team Australia came together to battle the greatest economic and human challenge the nation has faced since the Second World War.

Anyone who works in markets understands that this unprecedented and globally synchronised depression in demand and supply – wrought by an entirely alien pathogen – poses far greater hazards than the global financial crisis.