No Expectation for Stimulus
Tuesday, March 10, 2020
IT is increasingly becoming clear that the health of global financial market is entirely hanging on an infusion of stimulus from the central bank.
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The sharp volatility in Wall Street stock prices reflect that dependency. Perhaps even more than a dependency, it has became an addiction.
At the end of February, taking the effects of the Covid-19 outbreak into account, stock prices fell apart. A further collapse was prevented only by statements from central banks around the world that there will be stimuli to help market. On Wednesday, 4 March, one day after the Federal Reserve lowered its ben
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