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Economists become Virologists as Markets Sicken Investors
The coronavirus that originated in China has sent into motion large financial and economic forces that are dominating the investment landscape. The first line of defense was to contain the virus in China, but the largest lockdown in history did not work. The next line of defense was Japan, South Korea, Italy, and Iran. This firewall did not hold either, and the US CDC and German Health Minister warned of a coming epidemic. Cases have been reported in more than four dozen countries, with different levels of public health and reliable information. While it is serious, the overall fatality has been elevated by the ... (full story)