Will Fed Bazooka Be Enough? Virus Panic Needs to Subside

The Federal Reserve has shot its bazooka. We’ll see what it accomplishes in the next few months. You can’t tell by the most recent wild week in U.S. stocks. For more on this see page 1.

As I’ve pointed out, markets fear the uncertainty of the coronavirus spread, but fear the knock-on economic effects even more, as they could last much longer. For more on this see pages 3 and 11. China and South Korea have contained the spread. I think it will be contained here eventually. However, the...

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