The impact of the C-virus

Woody Brock | SED | 28 February 2020

The new virus is an "unknowable unknown" of the first order. I know no more about the prospects for a pandemic than what we all read in the papers.

But I do know about other things - in particular, the impact of a viral pandemic on Main Street and, by extension, on the financial markets. For several decades, I have stressed the stability of Main Street due to the rise of the service sector, and the devolution of the manufacturing sector where "inventory cycles" ar...