From WSJopinion: If the financial system is still shaky after a decade of Fed subsidies, it implies that absurdly low interest rates and quantitative easing have been counterproductive, writes MaryAnastasiaOG
If it’s true the novel coronavirus doesn’t like warm weather, it could explain why Latin America has yet to report a large outbreak. Much of the region isn’t tropical, but most of the temperate zones in the Northern Hemisphere have mild winters, and in many places spring is already arriving.
Too bad the annual thaw can’t save the Americas from the economic consequences of a pandemic, exacerbated by a decade of easy money. The meltdown in global stock markets suggests something deeper than a corona recession is at work. And...
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