Even as President Donald Trump continues to insist that he’s done a superb job handling the coronavirus crisis, the evidence of his extreme failures abound. In a hearing before Congress on Thursday, a top official in the administration’s response contradicted Trump about the government’s testing capabilities and acknowledged the shortfall as an important “failing.”
And the same official, Dr. Anthony Fauci, warned the previous day about the outbreak: “It’s going to get worse.”
While Fauci was speaking as an expert in infectious disease, economists — and anyone glancing at the stock market — fear that the risk of financial fallout from the pandemic is equally dim. Continue reading.