Goldman’s head of equity trading for Americas discusses similarities and differences between the current crisis and that of 2008. In 2008 we knew what needed to be fixed. Now, liquidity won’t solve the underlying problems of workers losing jobs due to the virus. There is also much less space for policy response in this crisis. But that said, the response is as good as it can be and equity markets are starting to realise that the Fed is doing all that it can.
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