Cutting Rates Isn’t Going to Ease Public Fear: AllianceBernstein’s Zeng

The video discusses the economic stimulus measures expected globally, focusing on central banks and government actions. It highlights market panic due to the virus and oil price war, and the role of central banks in addressing these issues. The limitations of rate cuts in pandemics are noted, emphasizing the need for public health and fiscal policies. The balance between government measures to control the virus and their economic costs is explored, with a focus on Asian credit markets and their stability.

What factors are influencing the panic mode in global markets as discussed in the text?

In what ways can fiscal policy be more effective than monetary policy during a health crisis?