Stock markets are crumbling. Oil has cratered. Interest rates are decimated. Economic indicators are pointed straight down. What’s going on?
These are the very barometers and thermometers of Capitalism and Free Enterprise, and they are sounding a “death rattle” reminiscent of imminent demise.
The coronavirus (COVID-19) contagion in Wuhan, China was not admitted by Chinese officials until December 31, 2019. On January 19, 2020, without even mentioning the coronavirus outbreak, the new head of the IMF addressed the Peterson Institute which prompted the headline in The Guardian, “IMF boss says global economy risks return of Great Depression“.