Steven returns for another economic update in the shadow of the coronavirus impacting global financial markets. Is this the precipitating event for the collapse so many have been expecting for so long? Will the central banks step in to rescue the markets once more? Today’s price action demonstrates several key ideas about preparedness and our decision making mindset. We have to act in advance, protecting our families physically should be a higher short term priority than our portfolios, and decisions made with a fearful mindset are often regretted. Keep calm and stay focused. We’ll know much more by the end of the week depending on how things play out. In the meantime please make sure you have sufficient food, water, and medical supplies on hand to avoid desperation in case of emergency.

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On the Objective

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Steven Menking is the Senior Editor of On the Objective and the founder of The Amateur Society. He is a Christian economist, commentator, and thinker based in New York City. Prior to being born again in 2014, Steven was an investment banking analyst and an equities trader. He currently works full time as a private tutor and uses his spare time to research, write, podcast, and advance the Kingdom of God. All glory to our Lord and Savior Jesus Christ!