The markets are far more complicated than the headlines suggest – MoneyTalks predicted the timing of the dramatic change in direction and the contagion for one reason – we isolated the key variable – and no one’s talking about it.

Lots of questions remain about novel corona virus despite wall to wall media coverage but the only question about the economic and financial fall-out is will it go from bad to worse.

The record low interest rates are bad news for public sector pensions and taxpayers because we’re on the hook for any shortfall. It’s already increased the deficit this year by $7 billion but it’s going to get much worse because of record low interest rates.

I’m hearing the market drops only impact the “investor class”  – what a load of crap. It hurts workers pension, some companies that rely on travel and tourism will be put out of business. Oil industry workers aren’t getting their job back with today’s oil prices.