Pandemic vs loss of wealth in stock market
The way stock exchanges tumble when fear or disaster looms ahead is unbelievable. What was a sign of confidence in the future is replaced by freight in the short term and people lose life's earnings, particularly individuals in this process. But isn't it avoidable? If I am the policymaker I would the following to protect the long years' hard work and wealth built up by individuals in such situations. When such an act of God like a pandemic or disaster of an earthquake or tsunami-like natural disaster hits the entire nation and its economic activity, the policy could be : 1. Its exactly like a virus hitting the computer system, disabling the same. A restart needed and a snapshot of the condition prevailing at the time crisis hit preserved so that one can recover from there. So freeze the market at the moment and don't allow trades till normalcy is restored. Then markets opened to find their own levels. 2. The interests of...