Lower interest rates will not stop the coming recession
With the outbreak of COVID-19 (coronavirus), many economists – including a former Fed president – have called for lower interest rates to head off any recession.
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With the outbreak of COVID-19 (coronavirus), many economists – including a former Fed president – have called for lower interest rates to head off any recession.
A recent newsletter noted that there has not been a “Black Swan” in a while, a “Black Swan” being an event that comes as a surprise and has a major effect on mankind’s affairs. The coronavirus, now named COVID-19, just rendered that observation invalid.