The opposite of stagflation can't last forever, the billionaire founder of Citadel warns. Markets and even the Fed would be caught flat footed.
The firm says the virus would hit U.S. economic growth by up to 0.5 percentage points in the first quarter, but the drag would be recouped fast.
In large part, Tony Dwyer, a well-known Wall Street bull, said everything goes back to the Federal Reserve and its easy-money policies.
For decades, Warren Buffett has been the king of investing. But the strategy that made him the third-richest man on the planet is dead.