Global Economy

The Italians could learn some lessons about healthcare from the South Koreans, who still maintain a robust private market in health insurance.  Although the Koreans have relatively ample resources for COVID-19 patients, Italy's state-dominated system is quickly running out of options.

The coronavirus impact adds to an already weak and bloated global economy that was showing poor growth, high debt, and an evidently disappointing earnings season before any epidemic was included in estimates.

Trump clearly views trade in a zero-sum, mercantilist manner, with the country possessing a deficit “losing” and “down.” But continuing the trade war only makes recession more likely for both sides. Luckily China is stalling on committing to a trade agreement.

Antisecessionists insist that radical decentralization means more "nationalism" and protectionism. In practice, the exact opposite is more likely.