Wall Street’s big coronavirus mistake ...United Arab Emirates

Russia Today - News
Wall Street’s big coronavirus mistake
source : Russia Today ( United Arab Emirates ) () 118
The coronavirus has wreaked havoc on global stock markets, but this may just be the start of a much bigger economic crisis. Investment professionals on Wall Street spend their days reading financial reports and looking at numbers flash on screens. These numbers record the moment-to-moment changes in the collective wisdom of markets about the value of stocks, bonds, commodities and a distressing array of derivative financial products. From the comfort of the sealed caverns of Wall Street the actual physical and social world is just an abstraction to be quantified and analyzed. One of Wall Street's most prominent investment research and

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