I have a conspiracy theory. Here goes…
The Coronavirus hysteria is a scapegoat for the upcoming worldwide recession. Since September 2019, the US Fed has been pumping hundreds of billions of dollars of emergency funding into the financial system, after the repo rate spike to almost 10%. Now the Fed is again cutting interest rates. The Fed and central banks created this fiat currency debt bubble, which is now collapsing. They do not want to take responsibility for this mess and the recession that the world is about to experience. They need a scapegoat and that scapegoat is the Coronavirus. Mainstream media is now claiming that the Coronavirus is responsible for the collapsing stock markets (it is not), and that the Fed and central banks will save the economy by lending (printing) more money.
Disclaimer: This is a guest post and it doesn’t represent the views of IWB.