Charlotte Talks: Economy Comes Down With Shivers From Coronavirus
Tuesday, March 17, 2020
For the third time in a week, steep stock losses over coronavirus concerns triggered a halt in trading Monday. But that's just one layer of the economic impact of the coronavirus.
The ghost of the Great Recession – and the prospect of a new recession – hovered over Wall Street, which saw the end of an 11-year bull market and one of the Dow's worst days since the Black Monday crash of 1987.
Charlotte’s largest publicly traded companies lost more than a quarter of a trillion dollars in market value in the stock selloff, according to the Charlotte Observer.
If a recession is coming, how would Charlotte fare?
What should - or what shouldn’t you do - with your 401(k) and your retirement savings during this bear market?
Mark Vitner, Wells Fargo, senior economist (@mvitner)
Michelle Singletary, The Washington Post, personal finance columnist (@SingletaryM)
Tony Mecia, The Charlotte Ledger, editor (@tonymecia)