Financial Times (March 10)
“At some point the music stops playing for investors.” That happened yesterday. “The initial shock was the cornonavirus outbreak’s impact on the global economy. Then came the blow of an oil price war. Next is escalating financial contagion. Markets are likely to burn until the fuel of high debt levels and aggressive risk taking is extinguished.”
Tags: Cornonavirus, Debt, Economy, Financial contagion, Investors, Markets, Music, Oil price war, Risk-taking, Shock
Washington Post (March 10)
The lack of candor “is now causing confusion and panic as Trump and his political lieutenants paint a picture of the spreading coronavirus that is utterly at odds with what the nation’s public health experts are saying…. As global markets plunged on Monday and the virus continued its inexorable spread, Trump continued comparing the virus to the ‘common Flu,’ during which ‘nothing is shut down.’”
Tags: Candor, Confusion, Coronavirus, Experts, Flu, Global markets, Panic, Plunged, Public health, Trump, Virus
