Prudential's Krosby Says Wild Week Shows Markets Reaching 'Panic Level'

The video discusses the recent market volatility and the Federal Reserve's response to provide liquidity, including quantitative easing. It highlights the need for fiscal action to stabilize the markets and prevent a recession. The discussion also covers the impact of coronavirus and social distancing on economic growth, emphasizing the importance of fiscal stimulus to mitigate these effects.

What are the implications of the statement 'Buying begets buying and selling begets selling' in the context of market behavior?

Discuss the potential long-term impacts of social distancing on economic growth as mentioned in the text.