Post
Topic
Board Economics
Re: Dow Jones Price Drop & The Corona Virus?
by
Fedor_V
on 03/03/2020, 16:59:41 UTC
There was a general drop in the stock markets all around the world, I just simply reject the idea that corona has the power to drop all over world's biggest powers to start losing money all of a sudden.

I am not down playing the affects of corona and I do think it is a serious disease we should try to get rid of but that doesn't change the fact that we can't down play the stock markets all that much neither, these are trillion dollars worth of money we are talking about and companies that are trillion dollar worth ones as well, we can't simply just say that stock markets would go down with just one virus break, it didn't during ebola and it didn't during SARS both of which were worse, it won't for corona neither.
Last year about 650 000 people was died of fly in the world. About 1780 people every day. Only 3200 people was died for 2 months of coronavirus. The panic is artificial.