The Price of the Coronavirus Pandemic

The Price of the Coronavirus Pandemic
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As in epidemiology, the basis of the financial markets is numbers. The investor who calls himself the Australian headed out for a walk on his farm in the Alps of New South Wales, three hundred miles south of Sydney. This was a morning in late March. He’d been holed up there for a month with his wife and three kids, plus two portable oxygen units and a store of hydroxychloroquine. “But my intention is not to get it,” he said, of COVID -19. “I don’t plan to see anyone until October.” He was talking on a cell phone. You could hear the caw of crows in the background, and the luffing of the wind. “I only see four other people in the valley. If I need to kill them, I will.” One assumed, from the way he laughed, that […]

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