This coronavirus driven financial crisis is perhaps the worst of all time: expert

The short-term new normal for the stock market and economy brought about by the coronavirus is unlike anything one has ever seen before, suggests financial crisis historian and Harvard professor Carmen Reinhart. Not only are investors witnessing a real-life financial crisis playing out, Reinhart suggests, it’s next to impossible to predict when things in the economy and market will get better. “In terms of looking for a historic precedent, there is none previously.

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