(The Guardian) Coronavirus crash Monday is the price we are paying for a decade of cheap money

theguardian.com/business/2020/mar/09/coronavirus-crash-monday-is-the-price-were-paying-for-a-decade-of-cheap-money *most of the following is guesswork on my part, I don’t know this for certain The triple whammy of lowering interest rates from central banks, cheapening oil prices as Russia and Saudi Arabia engage in a price war and dump cheap oil into markets, and wide impacts of the coronavirus could pose a serious …

(New York Times) China’s Battle Against Coronavirus: 7 Takeaways

who.int/dg/speeches/detail/who-director-general-s-opening-remarks-at-the-media-briefing-on-covid-19—5-march-2020 … We are calling on every country to act with speed, scale and clear-minded determination.  Although we continue to see the majority of cases in a handful of countries, we are deeply concerned about the increasing number of countries reporting cases, especially those with weaker health systems.  However, this epidemic is a threat for …

(WHO) Coronavirus disease (COVID-19) advice for the public

Previously: In any crisis, leaders have two equally important responsibilities: solve the immediate problem and keep it from happening again. The Covid-19 pandemic is a case in point. We need to save lives now while also improving the way we respond to outbreaks in general. The first point is more pressing, but the second has …

(The Wall Street Journal) Every Company Is Now a Tech Company

wsj.com/articles/every-company-is-now-a-tech-company (+) There was a time when the primary role of leaders at most companies was management. The technology required to do the work of a company could be bought or siloed in an “IT department,” treated more as a cost center than a source of competitive advantage. But now we’ve entered a period of …

(Kenneth Rogoff) A coronavirus recession could be supply-side with a 1970s flavour

theguardian.com/business/2020/mar/03/a-coronavirus-recession-could-be-supply-side-with-a-1970s-flavour It is too soon to predict the long-run arc of the coronavirus outbreak. But it is not too soon to recognise that the next global recession could be around the corner – and that it may look a lot different from those that began in 2001 and 2008. For starters, the next recession is …

(Ted Kavadas) U.S. Dollar Decline March 2, 2020 update

economicgreenfield.blogspot.com/2020/03/us-dollar-decline-march-2-2020-update.html U.S. Dollar weakness is a foremost concern of mine.  As such, I have extensively written about it.  I am very concerned that the actions being taken to “improve” our economic situation will dramatically weaken the Dollar.  Should the Dollar substantially decline from here, as I expect, the negative consequences will far outweigh any benefits.  The negative impact …

(Bill Gates) Responding to Covid-19 — A Once-in-a-Century Pandemic?

nejm.org/doi/full/10.1056/NEJMp2003762 New England Journal of Medicine Publication Date: February 28, 2020 In any crisis, leaders have two equally important responsibilities: solve the immediate problem and keep it from happening again. The Covid-19 pandemic is a case in point. We need to save lives now while also improving the way we respond to outbreaks in general. …

(Nouriel Roubini) Markets have been complacent despite sell-offs

ft.com/content/e0ca01ee-57cb-11ea-abe5-8e03987b7b20 Until this week, the market reaction to the virus had been mild — after a dip in late January, US and global equities rallied to new highs. This complacency was based on a number of flawed assumptions. First, that the epidemic would be limited mostly to China, rather than becoming a global pandemic. Second, …

It’s happening!

theguardian.com/business/live/2020/feb/28/british-airways-easyjet-coronavirus-stock-markets-ftse-dow-global-recession-business-live via Gfycat this is not financial advice *I have no idea what I’m talking about (Indirect quote) While it’s true that the market always goes up in the long run, this is only true in the very long term. There have been multiple periods in the S&P’s history of many years with no appreciation. …