Your Weekly Economy & Markets Digest

This Week in Economy & Markets

The Virus, the Bernie Factor, and the Europeans

Rodney Johnson | Feb 27, 2020

It's been a crazy week. The major U.S. equity indices puked their guts up, mostly over the spread of the coronavirus, COVID-19. With the Chinese economy stuck in a very low gear and new outbreaks happening in South Korea, Italy, and Iran, it looked like it was just a matter of time before the nasty bug washed up on our shores in a meaningful way...

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Just a Corona Correction?

Harry Dent | Feb 26, 2020

The markets on crack have largely ignored the coronavirus, which obviously could be a potential game changer. And now they react, down 2,600 points on the Dow, as soon as it hits a "white toast" country like Italy. Yes, the markets are quite bigoted!
The markets have been on a tear ever since the Fed started pumping money feverously due to the repo crisis, and have continued with the coronavirus. That has stalled for now, hence I expected a correction here...

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All Hail the Mighty Dollar… Or Not

Rodney Johnson | Feb 25, 2020

There's always some old relative who, when you ask how he is, says, "I woke up on the right side of the grass, so I must be alright!" Kind of funny . . . the first time. Then it's just another non-reply that doesn't answer the question. If the only choice was being dead or alive, we wouldn't ask. The answer would be obvious...

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The Coronavirus Goes Global

Rodney Johnson | Feb 24, 2020

When such a deadly virus hits, the first stage is always containment, as has occurred rapidly in China. But when it starts to spread past its origin more rapidly, it gets a life of its own. At this stage of the coronavirus's spread, it's better to focus on mitigation through sanitation and less direct social contact. Governments should support businesses and stop closing things down to make the economy and panic worse....

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