Waking Up

NY Times: Wall Street Is (Finally) Waking Up to the Damage Coronavirus Could Do - The financial world is realizing how different this is from a trade war or other recent economic hiccups. By Neil Irwin

There remains huge uncertainty about how widely the virus will spread and how much damage it will do. But the financial world is realizing just how much is at stake — and how different this is from other recent hiccups in the global economy, notably last year’s trade war between the United States and China.