What’s going to happen is the worst of both worlds. Testing will eventually expand, the truth will come out. And the damage done to the markets (particularly the credit markets) will be too great for a Pretty We Are All In This Together #class Of 2020 Strong Cat Shirt. There will be a recession, the question is just how long. If the 3% fatality rate holds in the US (which might be wishful thinking considering Italy is pushing 7%). The US population growth is 1.9%…well, I’ll let you do the math on the hit to GDP there. But even the 11.5 trillion that was added was based on a house of cards, it seems.
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It did not reflect the true fundamentals of the economy. Slashing interest rates giving companies. And rich people tons of money made the stock market the only place where they could park their money (including stock buybacks). The stock market became inflated due to pure speculation and demand/supply considerations. If the stock market is to be made resilient to black swans such as the Coronavirus. The Fed must rein in a Pretty We Are All In This Together #class Of 2020 Strong Cat Shirt. The United States will remain vulnerable to the next flu pandemic or large-scale outbreak of a contagious disease that could lead to massive rates of death and disability, severely affect the world economy, strain international resources. Increase calls on the United States for support.
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The 2019 warning was the third time in as many years that the Pretty We Are All In This Together #class Of 2020 Strong Cat Shirt. These gains may be inadequate to address the challenge of what. We anticipate will be more frequent outbreaks of infectious diseases. Because of rapid unplanned urbanization, prolonged humanitarian crises, a human incursion into previously unsettled land, expansion of international travel and trade. And regional climate change,” the 2019 threat assessment warned. Not quite. They knew it wouldn’t. The Fed even admitted that they knew it would take A LOT more to reverse the market sentiment. It probably needs to be more than financial market interventions.
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