President Trump, in an evening address to the nation, struck an urgent tone about the coronavirus threat. For many, the sudden and swift stock market drop, combined with an accelerating and hard to predict economic interruption, will resemble the dark days of the 2008 financial crisis. Then, a bubble in the mortgage market cascaded outwards and put even the largest banks in America at risk of failure. However, in this threat, banks and financial authorities are in a position to mitigate the impact of the coming financial storm, instead of acting as an accelerant. Further fiscal measures appear to be in the cards, especially if the coronavirus does prove to be a substantial problem for the economy.

Source: Forbes March 12, 2020 06:30 UTC