Although Wall Street’s rout seems to have stabilized in recent days since the first surge of coronavirus cases, the volatility of the financial markets is nevertheless unprecedented in modern times.
Your perspective of this last month may mirror the late President Reagan’s witty observation of long ago:
“Recession is when your neighbor loses his job,” he once remarked. “Depression is when you lose yours.”
Economic experts are working feverishly to stabilize the markets. Part of the emergency relief plan involves stimulus checks for families – funds that should be received in the coming weeks.