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There is no doubt that a less globalized world with less globalized supply chains would have weathered a dangerous pandemic far better.
Markets have never had to price in a global economic collapse of this magnitude before. And a very real danger exists for small businesses.
When the central bank is on top of their game as they have been of late, credit must go where credit is due.
If the need arises to defend, or take to offense, Lockheed is at least as important as any other firm in the nation.
Let's be clear. The virus is the problem, and the economy will contract, perhaps significantly so, regardless of policy efforts made to counteract this reality.
The spread of the Covid-19 virus must be slowed dramatically before the entire nation is in a state of isolation.