A half century of fame doesn’t overcome the classic sequence risk of old age. But a $250 million career goes on long after death.
Unfortunately for investors, the shocks from the coronavirus are following the horror script of a vicious unwind of financial asset prices.
The Fed is taking extraordinary steps to stabilize the U.S. economy, but will consumers see any impact from the billions it is spending?
If his gloomy jobs projection proves to be true, unemployment would be worse than it was during the Great Depression.