A noted investor in the Mid-Atlantic region, a man with a vast knowledge of real world economics and the market, talked to LifeZette Friday morning on the potential economic impact of the coronavirus. As opposed to some analysts, he was optimistic that the economy could recover and recover soundly. He preferred anonymity for personal reasons.
His analysis is that, given advances in medical science and in the biotech industry, the virus could start to dissipate in “two to three weeks.”
He noted that “the fundamentals of the economy were good, until this.” He further noted that he is confident in the endgame because “bright intelligent people are doing their best and their best is pretty good.”
This individual commented that the “situation is fluid” and that one worry is that “the policy response will result in increased debt and that could downgrade U.S. bonds.” He said that 30-year U.S. Treasury bonds are discounted right now and that the Treasury is even talking about issuing 50-year bonds.
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11.27.2024