The Coronavirus Contraction

| March 18, 2020
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11 Minute Coronavirus Contraction Video From Economist Brian Wesbury

Please check out this 11 minute video from Economist Brian Wesbury below. Here are some bullet points he makes:

-The shutdown in the US will lead to a contraction or maybe a recession, but the economy should make up the ground in the 18 months following

-Assumptions we hear about are modeling worst-case scenarios

-Stock Market is pricing in worst-case scenarios as well. Usually the markets reverse course ahead of the general economy

-Virus cases tend to ramp up quickly but also fall quickly as witnessed by past historical outbreaks as well as the current China/Korea case with Coronavirus

-The Fed has cut rates to zero and is injecting massive amounts of stimulus

-This is NOT 2008

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