Market signals ‘distorted’ by coronavirus stimulus, says author Niall Ferguson

Market signals ‘distorted’ by coronavirus stimulus, says author Niall Ferguson

The major stock indexes rallied on Monday as some states took steps to reopen their economies, recapturing market momentum that has helped equities recoup some of the early losses incurred by the coronavirus outbreak. But the resilient stock market, buoyed by fiscal and monetary stimulus, conceals the severity of damage wrought upon the nuts-and-bolts economy […]