Hassett, speaking in the midst of the worst week on Wall Street since 2008, expressed concern about the rapid spread of the coronavirus around the world, including in warmer-weather places like Iran."If people are able to spread it outside of the flu season, then this has legs through the summer and you're absolutely looking at a recession globally," Hassett, a CNN economics commentator, told CNN's Poppy Harlow.
Yet Janet Yellen, the former chair of the Federal Reserve, said Wednesday the spillover from global economic weakness could"throw the United States into a recession." The market mayhem has prompted calls for the Federal Reserve to take action. Kevin Warsh, a former governor at the Fed, urged global central bankers to take coordinated action.Investors are predicting dramatic Fed action, the kind unseen since the 2008 financial crisis.
Dems hoping for a major outbreak/recession just to win a few political points.
I wonder if this is what they talked about in that Republican party in fells point.
the Chinese production has had a hit already..... The commodity demand has increased especially in Asian and European markets......
CNN is currently off the air briefly so their on-air personalities can finish masturbating, after hearing this story.
CNN is again hoping America fails so it can continue with it’s Trump Derangement Syndrome.
5g
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