In private, President Trump has become agitated with Dr. Fauci's public comments.
The President is "fuming privately" that Fauci has advised shutting down businesses and social distancing.
The Fed cut rates to a target range of 0% to 0.25% effective March 16, and said it would expand its balance sheet by at least $700 billion in coming weeks through quantitative easing.
Dow Industrial Average dropped over 2,000 points as WTI oil dropped to $31.13 a barrel as Saudi Arabia and Russia fight for market share during the current oil glut. Viruses are nothing to dismiss lightly, but people should not panic in regards to Covid-19.
Algorithmic trading and the Coronavirus are causing extreme volatility.
Markets vacillate from stimulus from central banks and fear of recession caused by a global economic slowdown.
While some stock market analysts have been warning the S & P 500 has been overbought for some time, it has continued to reach new highs. The truth is the market can be just as irrational and divorced from fundamentals on the way up as it can be on the way down.
If the Coronavirus continues over six months, it may cause significant damage to the global supply chain, world GDP growth, and risk to the global debt markets.
Fundamentalism was popular with baby boomer Christian conservatives. However, many postmodern millennial Christians reject the absolutes of fundamentalism, and prefer non judgmental tolerance and reletavism.
Progressive activists are promoting 16 year old Swede, Greta Thunberg as the new face for global climate change activism.
Can Fed chairman Jerome Powell keep the stock market bubble going until the November presidential election? Will Iran continue its move towards nuclear weapons and cross Israel's red line in 2020?
The Congressional Budge Office projects the U.S. government plans to have annual deficits above $1 trillion every year for the next ten years.

© 2016 - 2021 Steve Johnston - All Rights Reserved.
Facebook YouTube Instagram