Coronavirus: Waiting for the clouds to clear

Preparing for volatility before market calms down

It is clear that things will get worse before they get better as far as normal life, and economic and business life, are concerned.

That does not mean, after the very sharp recent market falls, that the situation will necessarily get worse, because markets make their judgements about circumstances and prospects and may already be discounting the problems that coronavirus is creating.   However, we can be fairly sure of continued turbulence. Governments will need to bail out operating businesses and consumers. Coronavirus Blog: Chancellor Sunak to unveil emergency wage package subsidy There may be helicopter money - money distributed to citizens either indirectly through postponement of taxes or directly, as in ...