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Reflections on the Ongoing Coronavirus Crisis

After Hours

CHAPTER

Introduction

The economic news has been coming at us fast and furious over the past few days. The fad cut interest rates by a full percent point to near zero, also promised to buy at least 700 billion dollars in government debt. On the fiscal policy side, congress is working on a bill that would provide some modest relief,. But meanwhile, the market has been on an absolutely stomach churning roller coaster ride.

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