Paul R. La Monica is a digital correspondent for CNN Business. He writes daily about the markets and blue chip companies and also appears regularly on CNNI's business programs. The opinions expressed in this commentary are his own.
.leftside-floating-image { width:100%; display:block; margin:0 auto 1.5rem; } @media screen and { .leftside-floating-image { float:left; width:50%; max-width: 200px; display:block; margin:0 1.5rem 1rem 0; } } Yes, the Fed can do lots of things to help soothe frayed nerves when stocks are in free fall, but there is little that the Fed — or President Trump and Congress, for that matter — can do to solve this biological crisis for the markets and the economy. I covered the Great Recession in 2008 and 2009. That was a terrifying time — but this seems a lot scarier.Former Fed chair Ben Bernanke and George W.
LaMonicaBuzz Business
LaMonicaBuzz Business Khizer
LaMonicaBuzz Business 'We're totally not spreading panic'
LaMonicaBuzz Business FEARMONGERING!
LaMonicaBuzz Business The sky is falling
LaMonicaBuzz Business More TDS fake news sky is falling.
LaMonicaBuzz Business Anything to destroy Trump. GFY
LaMonicaBuzz Business I lived it and there is no comparison. Real estate values dropped 70 per cent in my area and people lost their homes, jobs, and a lifetime of dreams. We are now in a booming economy but much wiser this time.
LaMonicaBuzz Business The 2008 and 2009 recession happened due to the greed of the Walt Street Bandits. By coopting ordinary citizens into this game, this writer is trying to dilute the crimes of the sinners. Diabolical.
LaMonicaBuzz Business I think in his travels Trump has been exposed to covid-19. He must be quarantined! 1. Has anyone tested him? 2. Why isn’t Trump protecting Americans, providing tests and care? 3. His actions could cause deaths and he should be prosecuted! 4. Get Melania and Baron away.
LaMonicaBuzz Business Keep trying...
LaMonicaBuzz Business Stop your nonsense.
LaMonicaBuzz Business Lol, here we go. This next hard on hope for CNN. Right next to Avenatti and Russian Collusion.
LaMonicaBuzz Business You're just weak and pathetic
LaMonicaBuzz Business Ridiculous. Virus only affects 0,1% of workforce. Biggest hit among old people. Economy my actually enjoy goverments free from pensions and med care, free money for investments. Excelent oportunity to buy.
LaMonicaBuzz Business So many things are affecting the stock markets. Economy, crisis and the rest
LaMonicaBuzz Business frightening:
LaMonicaBuzz Business Sorry but how many people died indirectly (no HC insurance in the USA, poverty in the EM) because of the Great Recession? This is irresponsible panic spreading to me.
LaMonicaBuzz Business Wow.
LaMonicaBuzz Business Trying to hurt the economy to hurt Trump. So obvious. Once people realize this isnt the zombie apocalypse, and they will when they take the time to look at flu stats, the stock market will roar back. It's amazing to me the flu isnt a bigger story given annual flu deaths.
LaMonicaBuzz Business Scarier? No it’s not scarier. You’re just making it up.
LaMonicaBuzz Business Fake news
LaMonicaBuzz Business Again tell the truth or did you get it second hand! Your Facts are Wrong! Again!
LaMonicaBuzz Business Media is going to play up how bad this is to stoke fear and gain some Traction against Trump during an election year. Yes the virus should be taken seriously but put your political gain elsewhere CNN
LaMonicaBuzz Business It is thanks to scaremongering from outlets like CNN and others that people feel like this is scarier, and because you are older, and because you believe those who tell you to be afraid of the flu, and capitalism, and minimum wageLaMonicaBuzz
LaMonicaBuzz Business Wow fake news it’s because MSM LIES NON STOP and is trying to scare us! You people are pathetic
LaMonicaBuzz Business Agreed money comes and goes. Health is more important
LaMonicaBuzz Business This is why we need to get Bernie in there and stop this madness.
LaMonicaBuzz Business Fake news
LaMonicaBuzz Business Spreading fear is much worse than spreading virus
LaMonicaBuzz Business You are FAKE NEWS.
LaMonicaBuzz Business Sounds like fear mongering. That seems to be the only thing that CNN is capable of these days.
LaMonicaBuzz Business This health scare is causing this--not to mention the panic that you all bring on by gleefully hoping this ruins the economy while sickening lots of people while you blame this on Trump. When he shut down travel from China you whined. Now he didn't do it soon enough. Pathetic!!
LaMonicaBuzz Business oh geez grow a pair and buy low.
LaMonicaBuzz Business But CNN told me the stock market had no inherent effect on us every day folk :(
LaMonicaBuzz Business If your president copied Chinese homework a little better, the situation would not be so bad
LaMonicaBuzz Business Pfft.
LaMonicaBuzz Business STOP FEAR MONGERING!
LaMonicaBuzz Business Nonsense. The fundamentals are still solid from American businesses. Knock it off CNN. Its a pandemic causing the sell off not a bad President destroying an economy. Learn the difference.
LaMonicaBuzz Business 🤡
LaMonicaBuzz Business More framing this as an economic crisis instead of a possible public health crisis. The media, Trump, and his cronies should be ashamed of themselves. You are terrible people.
LaMonicaBuzz Business Libs hope. Sick hateful people.
LaMonicaBuzz Business The Great Depression only destroyed the economy, the virus destroyed lives
LaMonicaBuzz Business Here come the trump-bots to whine about how it’s a hoax, in 3...2...1...