Financial Meltdown - Media Panic
In 2016 I published a piece called Why I cancelled the Bauman Letter . Over the ensuing years, I received more responses to that post than to any other. It's timeless, of course, since it concerns your finances and investments. Yesterday an unknown commented Its now March 2020 and whole world is crashing down! Well, yes, it seems so. The enemy is not a virus. The enemy is panic. Let's talk about your investments. The US Market crashed. Hard. Bauman - and EVERYONE else (myself included) predicted this would happen. Why? Because it was inevitable. But why has the market crashed? CNN health posted this morning : At least 112 people have died since the first US case of the coronavirus was reported in January and the virus has spread to all states, the District of Columbia and some territories. Yet we hear little of the flu deaths in the US. CNN again provides us with some statistics (admittedly a month old): So far, the CDC has estimated (...