The reason why there was no panic during the H1N1 epidemic in April 2009 was because the country was already in panic mode due to The Great Recession. That was what the media was covering and that was what the Fed was responding to.
You have to look at where we were right before the CV19 pandemic hit:
Record unemployment low
Record stock market high
Full recovery of the housing market
Everything was roses, waterfalls and rainbows. The only thing on the minds of Americans and in the media was the 2020 election. So maybe now you can understand when it all turned upside down literally overnight.
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03-19-2020, 09:09 PM
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