This is a wounded, fragile stock market raging for a proper policy response

Traders work on the floor of the New York Stock Exchange,  March 12, 2020.

Brendan McDermid | Reuters

Markets always rush to price in future economic conditions and often overshoot in the process. 

But can the recent near-30% crash in three weeks through Thursday have properly discounted an economic path now being set by an intentionally extreme reaction to a global health threat? (The…

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