Global Coronavirus Crash: things to know before investing.
Re-allocate your assets wisely. COVID-19 will bring down the global economy in a surprising way.
Note — I will refrain from using the word “corona” in this article to avoid spreading panic, but mostly because I am sick of it.
You can listen to the article here.
The new virus has brought the Western world to its knees in approximately three weeks.
In contrast to some Asian countries that were able to act decisively and contain the virus, the West seems to be paralyzed .. but it is a paralysis induced by voracious media in a liberal world, not by incompetence.
Or as Hodges Funds’ Eric Marshall says: ‘it is not the virus that is causing the economic crisis, it is our response to the virus that is’. See COVID-19 not as bad as the panic caused by world leaders.
To be clear: the West is not collapsing, its markets and newsmen are just very loud, causing panic. One should also remember that China has most likely manipulated the news about how well it contained the virus crisis, and as of now it may be using it to popularize itself as NewYork Times points out.
