from King World News
Here are two of the greats discussing the coronavirus, China’s stock market panic, the Fed’s role and more.
Coronavirus And The Fed
February 3 (King World News) – Peter Boockvar: My friend Jon Basile, the head of Global Macro at AIG, said it well last week. “WHO and CDC are more important acronyms now for markets than ISM and GDP.” ‘Now’ is also a key word here because this will pass but with the obvious unknown of how much business and lives are lost until then. We do by the way see the January ISM today and it might just capture some of the immediate impact of the spreading virus but likely not much.