Zero Hedge – by Tyler Durden
That didn’t take long.
Just a few days after stocks hit an all time high amid investor complacency that China’s ever more audacious lies about the declining number of new coronavirus cases confirms that Beijing is on top of the domestic epidemic, and even if they are not, the Fed will step in and cut rates or do more QE – because somehow printing money and printing antiviral antibodies is comparable – stocks plunged as it became abundantly clear that the coronavirus pandemic is not only not fading, but on the contrary, it starting to spread around the globe with new clusters emerging in South Korea, Japan and Italy. Continue reading “As Stocks Tumble, Kocherlakota Urges Fed To Cut Rates Immediately”