Nasdaq is nearing its record highs as coronavirus cases and deaths explode exponentially, global supply chains collapse, and the world's second biggest economy is basically shutdown...
At least one banker with a purported 'seven-figure pay packages' has resorted to stealing from the company canteen just to quiet his rumbling stomach...
Markets are quite right to react in a strongly negative, preventative fashion to this risk until we see evidence that it is being brought under control and the threat has truly passed.
The spread of coronavirus outside China and the WHO’s escalation of the outbreak to emergency status last week continue to stoke fears over weaker energy demand and disruption to key mineral resource supply chains...
The coronavirus outbreak has sent Chinese oil demand, energy prices, and tanker freight rates plunging in the last three weeks. This is bad news for the global economy!
...and I’m sure we all take comfort that they both made clear that their institutions are monitoring the situation. Who would expect anything less. Don’t they always do that?
