Star Economist Roubini on the Economic Effects of #Coronavirus: "This Crisis Will Spill Over and Result in a Disaster" #Crisis #COVID19
Economist Nouriel Roubinin correctly predicted the 2008 financial crisis. Now, he believes that the stock markets will plunge by 30 to 40 percent because of the coronavirus…..
https://twitter.com/StarmanUSA/status/1234273934188609536
I say: Take the actions now, shut everything down for 2 months, let the stock market fall, etc. Then after this disease has passed, and schools reopen and people back to work, the stock markets will rally again.
This market correction is inevitable. I would rather it happen because we took preventative measures and shut everything down for 2 months, rather than wait until so many people are dead or dying that it crashes permanently at that time. Take your pick. Its going to be one or the other.
An ounce of Prevention is worth a Pound of Cure!
#Star Economist Roubini on the Economic Effects of #Coronavirus: "This Crisis Will Spill Over and Result in a Disaster" #Crisis #COVID19
Economist Nouriel Roubinin correctly predicted the 2008 financial crisis. Now, he believes that the stock markets will plunge by 30 to 40 percent because of the coronavirus…..
https://twitter.com/StarmanUSA/status/1234273934188609536
https://www.spiegel.de/consent-a-?targetUrl=https%3A%2F%2Fwww.spiegel.de%2Finternational%2Fbusiness%2Fnouriel-roubini-on-coronavirus-this-crisis-will-spill-over-and-result-in-a-disaster-a-e811cf3b-d495-4c52-bf79-d872c8f164ac&ref=https%3A%2F%2Ft.co%2Fkl7X73ErUa%3Famp%3D1
I say: Take the actions now, shut everything down for 2 months, let the stock market fall, etc. Then after this disease has passed, and schools reopen and people back to work, the stock markets will rally again.
This market correction is inevitable. I would rather it happen because we took preventative measures and shut everything down for 2 months, rather than wait until so many people are dead or dying that it crashes permanently at that time. Take your pick. Its going to be one or the other.
#An ounce of Prevention is worth a Pound of Cure!
(post is archived)