Expect a quick recovery from virus fears

Forbes:
Michael Milken: Economy Will Rebound Fast From COVID-19

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Capitalism, reasonably regulated, Milken reminded us, has remarkable recuperative powers. The COVID-19 crisis has created the lowest mortgage rates in U.S. history. Oil and gas are priced almost at the lows of early 2009. “The cost of living is going down. Purchasing power is going up.” Milken said, which will lead to a faster recovery of any recession caused by COVID-19.
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The volatility of the markets right now are based on the fear of unknowns.  Eventually, they will recover and I expect that the recovery will be robust.  It is also likely that it will happen well before election day in 2020.

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