The Transcript 03.09.20
Welcome to The Transcript, your weekly digest of quotes from earnings calls. Click Here to Receive The Transcript by Email. Succinct Summary: The Coronavirus continues to spread globally and no one knows how bad this could get. On the one hand, we have projections of its exponential growth. On the other is the hope that seasonality will help stem the tide. In the face of a potential pandemic, the health of the economy seems like a trivial concern. Still, this panic is having a material effect on economic activity and thereby markets. The Fed has tried to address this with lower rates, but even the Fed admits monetary policy can’t do much to stop a virus. Where monetary policy will fail, hopefully, modern medicine will succeed. Stay safe out there!