Australian Prime Minister Scott Morrison disagreed, at least as far as his country was concerned. He said Monday the hit from the coronavirus would be harder on Australia than the global financial crisis.
“The bottom in the stock market is still to come,” said Jim Bianco, president and founder of Bianco Research and a Bloomberg Opinion contributor. “September 2008 wasn’t the bottom. It was telling us the data was going to get really bad. And what is happening now is the data is about to get really bad.”
This article was provided by Bloomberg News.