Ohio Rep. Ryan: Emergency Money for the People Act covers what the CARES Act missed.
Are central bank backstops enough? Or will some economic fundamentals eventually come in to play?
‘We’re only down 15% from the all-time high of Feb. 19... it seems to me the world is more than 15% screwed up.’
We are facing the deepest recession and highest unemployment rate since the war, and equities were not exactly cheap before the virus hit.