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Enumerating coronavirus' threats to the financial system

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Enumerating coronavirus' threats to the financial system

Edward Harrison
Mar 17, 2020
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Share this post

Enumerating coronavirus' threats to the financial system

pro.creditwritedowns.com

In yesterday's newsletter I claimed that we are now in a financial crisis. That's because, for me, yesterday was the first day during the present market turmoil that felt like the Great Financial Crisis. And sure enough, the Dow Jones Industrial Average dropped 13%, the most since the crash in 1987.

But the stock market isn't the locus of financial crise…

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