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"Every new case in every new location acts as local ‘patient zero.’
– John P. Hussman, Ph.D., February 3, 2020
There are three important topics in this comment.
One addresses public health, extends the discussion of SARS-CoV2 (COVID-19) that I began on February 2, when the U.S. had only 5 cases, and the continuing need for crisis response.
One addresses financial market conditions, the implications of recent Federal Reserve actions – partly appropriate, partly misguided, illegal, and unlikely to survive challenge from Congress – and the appropriate investment decision-tree in any event.