Coronavirus Triggers Biggest Stock Market Fall Since the Crash of 2008

In the worst week since the Crash of 2008, the Dow Jones Industrial has lost 3,200 points. Wall Street suffered its worst one-day fall ever – with the Dow Jones Industrial Average plummeting 1,190 points on Thursday.

What makes this unlike other crashes is that this is in response to a natural disaster (coronavirus) that has no immediate fix. It  is not something that will be changed by a pep-talk by some official. Also, there are many BBB bonds that are just above being classified as junk bonds. A reclassification of those companies may trigger sell-offs. The Federal reserve cannot come to the rescue. As this article says, printing more money cannot resume transport, trade or production.

Read in WSWS