Market turnaround??, page-13

Correct Con,

This crisis is a supply shock that you can’t fight with monetary or fiscal policy.

Low rates are designed to stimulate demand, but they do nothing to mitigate a “supply shock”.

Undeniably, the problem is on the supply side not the demand side.

The solution needs to be a medical one...public health policy. Monetary and fiscal measures do not and will not help.

“Finally, what’s needed to stop the selloff is a vaccine. Regrettably, there probably won’t be a vaccine for another 12 to 18 months. By that time, Wall Street could be a pile of smoldering rubble.” Mohamed El-Erian