Outside the Box: Americans need money — not more reasons to spend — or the coronavirus recession could be even worse

As coronavirus cases outside of China grow, the template for the current bear market that seems to fit best is what happened to stocks after 9/11.

A review of The Transcript, which is a compilation of earnings calls, solidified this idea. Consider:

• “We have therefore made the assessment that COVID-19 can be characterized as a pandemic. Pandemic is not a word to use lightly or…

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