Recession?

Active fighting going on in the Turkey - Syria border. The pic shows the 23 mm antiair cannon we had in the Israel Defense Forces in my time, based on recycled Soviet made weapons taken during the Lebanon war. I could take it apart and re-assembly it even today. Pic source.

The Bourse is falling 5 - 7%. For one, it is the fear of coronavirus flu, that suddenly closed down borders and made people quarantine themselves. The facts show that its mortality rate is similar to winter flu epidemies, less than 1%. Maybe China's reaction was overdone and caused universal panic. I am sure in April-May it will be over.

Today's NASDAQ reaction is attributable to Bernie Sanders' victory march in the Democratic Party. The candidate is a left wing Socialist, and he promises to abolish personal debts (like medical bills and student loans). In the Greek cities of the Antiquity, abolishing debts and re-distribution of the land was a permanent feature and every once in a while it was done in a revolution. As an old man, I value stability more than revolutions.