Situational awareness: At least one homebuyer found by the L.A. Times managed to get a 30-year mortgage this week at a rate of 2.75% with just 3.5% down. No wonder there's a refinancing boom going on.
In this week's issue, I talk about how coronavirus is a much bigger deal than anything going on in the markets, no matter what President Trump thinks; I also compare Jack Welch with Jack Dorsey, and wonder whether anybody would be interested in buying Robinhood any more. And I answer the question: Before the financial crisis, when was the last time that the world saw a quarter of negative GDP growth?
- All that and more in this week's 1,619 words, which will take you about 6 minutes to read.