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Caveat ... consumer confidence and purse!

What Coronavirus Could Mean for the Global Economy | Harvard Review |

In truth, projections and indices won't answer these questions. Hardly reliable in the calmest of times, a GDP forecast is dubious when the virus trajectory is unknowable, as are the effectiveness of containment efforts, and consumers' and firms' reactions. There is no single number that credibly captures or foresees Covid-19's economic impact.

Instead, we must take a careful look at market signals across asset classes, recession and recovery patterns, as well as the history of epidemics and shocks, to glean insights into the path ahead.

Don't spend time listening to the [stock] market makers. ☹

by Oui on Mon Mar 30th, 2020 at 02:34:43 PM EST

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