Business
On this episode, we discuss the recent decline in the marketplace due to the CoronaVirus. Topics: OPEC’s emergency meeting Airlines’ profit margins going forward Comparing the current decline to past crashes How to mitigate loss How to protect your portfolio The impact of deflation Looking ahead at the U.S. economy Quotes: “As you get confidence back in the marketplace, that’s when you’ll be able to assess the longer term growth companies to see how much the demand has dropped off and then how much the share prices are down…” “The trouble with the drop in oil prices is you might have a deflationary impact to the economy, short-term, potentially.” “In the short run, [oil is] a major negative because of the credit concerns from either the banking or individual company perspective.” Resources: The Lerner Group