Coronavirus and the Economy
The stock market crashed to record lows this week and lawmakers and the administration are rushing to put out new legislation to deal with the spread of the coronavirus and its effects on the economy. But how does everything happening on Wall Street effect everyday Americans? This week, Joel Griffith, a research fellow in Heritage’s Roe Institute for economic policy, breaks it down.
Read Heritage’s new report, ‘Sound Policy Responses to the Economic Consequences of the Coronavirus’: https://www.heritage.org/markets-and-finance/report/sound-policy-responses-the-economic-consequences-the-coronavirus
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Same thing Microsoft's CEO said on FOX when confronting with the amount of stolen technology by China… they still think China is a reliable "source" for America's manifacturing… I disagree.
He is so dishonest about the cash payments. Demand drives an economy. People need money in order to demand products.
It's a global pandemic so we're all in the same boat. If economies are sinking based on how we handle the severity of the outbreak, then there will be losers and winners in that boat. I believe America will be the latter.
If I'm not trying to start a business how does the stock market effect me? The man's answer was so weak.
He sidestepped the main question as to what is the immediate solution for the average American (per his words “40-50-60k earners) 🤔🤷🏽🤷🏽♂️
What about American interstate companies whose profits are related to oil prices but not dependent on foreign imports. ie: Interstate Trucking? Would the current conditions be an opportunity for investment? Name some others…