Judson Phillips Commentary: Lessons in the Time of the Chinese Virus

The first quarter of the year is not yet over, and we have gone from an almost record stock market to a nation that is all but economically shut down.  Some alarmists warn that over two million Americans will die from the Chinese Virus.  Others say this will be less problematic than the flu.

Regardless, as of now, the country is mostly shutdown and the economy is in free fall.  Economists from Goldman Sachs predict that the economy will shrink by an unprecedented twenty four percent in the second quarter.  The good news is the economy is expected to grow by twelve percent and ten percent in the third and fourth quarters.

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