The bear market the United States entered after the coronavirus began disrupting the strong economy could be worse than the 2008 recession, according to a former Obama adviser.
Jason Furman, a top economic adviser to former President Barack Obama throughout both terms of his administration, expressed concern about the market plunge that has taken place over the last two weeks because of COVID-19 fears. During an interview with Vox , he said the downturn could be worse than the Great Recession because of a culmination of things.
“At this point, this feels much worse than 2008. Lehman Brothers was quite bad, […]
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