S8 Ep771: Tamny argues that markets had already "priced in" the virus long before the lockdowns, pointing to major U.S. companies with significant exposure to China — such as Apple, Nike, and Starbucks — whose shares were hitting all-time highs while the virus spre
Tamny argues that markets had already "priced in" the virus long before the lockdowns, pointing to major U.S.companies with significant exposure to China — such as Apple, Nike, and Starbucks — whose shares were hitting all-time highs while the virus spread rampantly. To Tamny, this was a clear market signal that the virus, while serious, was not a "mass indiscriminate killer." The panic, he arg...
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Apr 20