Tag: Michael Bloomberg

(2 March 2020) It has been an eventful past few days to say the least.  Coronavirus fears took hold last week on mounting evidence that the pandemic cannot be contained and will spread throughout the world.  Financial markets sold off sharply in anticipation of its likely economic impact, although stocks did stage a massive rally today (Monday) in hopes of a coordinated central bank rate cut and stimulus program. (For more details, see below.) Former Vice-President Joe Biden was also in the news as he won a huge victory...