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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