by Nick Giambruno
The real crisis today isn’t the coronavirus.
It isn’t even the bursting of the “Everything Bubble,” which has pushed valuations of pretty much every asset class near historical all-time highs.
The real crisis is going to come from the government’s reaction.
First, with the incalculable harm from the unprecedented shutdown of the global economy.
And second, with money printing the likes of which we’ve never seen before.