Coronavirus Hysteria
The hysteria of the Coronavirus continues to build, and as China deals with a major economic hit, an oil production feud between OPEC and Russia has caused the bottom of the petroleum market to fall out. Unfortunately, a senior White House economic aide has stated that President Trump is now considering an economic stimulus designed to help businesses hurt by the coronavirus. Yet, many believe that the fundamentals of the U.S. economy are so strong that the coronavirus will only cause a short-term blip in growth. As we discussed in our weekly video last week, we need to put the coronavirus into perspective and not allow ourselves to be swayed by what could happen. Let cooler heads prevail, and ensure government isn’t using the virus as a stepping stone towards more government control.
|