The stock market has become the next casualty of the COVID-19 pandemic, down 30% since February 19. If the epidemic grows much worse, the market might become a fatality. There is a simple solution: close the market.
A stock market crash will hurt areas that produce stock certificates. Like San Francisco.
Summary: For the past year I’ve warned that the economy is slowing. For the past three months I’ve warned that a recession is coming. Now let’s consider the likely effects, and how you can prepare. The odds of a stock market crash are high. Are you at or near ground zero, to be hurt by …
Effects Of The Coming Market Crash On The Economy – And Perhaps On You Read More »
Summary: There is an exception to Saturday’s post, which said that a stock market crash would have only minor economic effects on America. Just as an oil crash hurts oil producing regions, such as Texas, a stock market crash hurts areas that produce stock certificates. Printing this “paper” is the most profitable part of the …
Who will get hurt from the next stock market crash? Not just investors… Read More »
Summary: As so many of us expect, the US stock market might (might!) have begun the big rollover. If so, how might that affect the US economy? If you rely on the news, you’ll be surprised. Here’s a brief note; I’ll write more about this next week. The decline of stock prices in China and …
