Coronavirus is stress test for U.S. and E.U.
Investors aren’t just “irrationally panicking,” argues Sina Kian, a vice president of the Blackstone Group, an investment and advisory firm, in an op-ed for Politico. “They’re worried about the human and economic costs of the virus itself. And part of the market’s analysis is its confidence, or lack thereof, in the government’s ability to manage the crisis — to step in forcefully, stay ahead of the crisis, and guide us back out.”
Attention falls squarely on President Trump, who in the face of a spiraling crisis, keeps pinning the blame on his imagined enemies. On Monday, he once more criticized the “fake news” media for trying “to inflame the CoronaVirus situation” and sought to play down the risks facing Americans, before alluding to a package of economic stimulus measures to be unveiled Tuesday. His skepticism about the scale of the public health threat, though, contrasts with growing warnings from officials and epidemiologists over the virus’s seemingly inexorable spread through the United States and other parts of the world.
No place in the West has felt …continued .
[Source: Washington Post]