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 argues, was caused not by the virus itself but by the sudden realization that politicians in "red states" and "blue states" alike were willing to shut down commerce. (2)
1918 TEXAS QUARENTINE CAMP