Monday, the New York Dow recorded a historic decline.
It was due to Donald Trump’s comment to the current situation of corona virus pandemic. He expected that the outbreak would last until this August, and the US may be headed for recession.
Forbes: Dow Plunges 3,000 Points As Trump Says U.S. ‘May Be’ Headed For Recession
The magnitude of water falling in this day was approximately 13%, the worst ever seen in the history of New York Dow Johns.
Also in Japan, many people is afraid of this worsening situation. Some remember the bitter memory of Lehman Brothers shock. Bitcoin and other crypt currencies were also seriously damaged despite they were deemed as a risk-off stock.
Trump looks a little anxious about this issue. Indeed, the opinion about when the corona virus spreading will be terminated is split among experts. Corona virus is vulnerable to warm temperature. But the COVID-19 is newly emerged one. Little facts have revealed regarding this tiny foe.
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