Treasury Secretary Steven Mnuchin argued today that the coronavirus pandemic presents 'a great investment opportunity,' insisting that global markets spooked by the pandemic will rebound eventually
Treasury Secretary Steven Mnuchin argued Friday that the coronavirus pandemic presents "a great investment opportunity," insisting that global markets spooked by the public health crisis will rebound eventually.
"This is a short-term issue. It may be a couple of months, but we're going to get through this, and the economy will be stronger than ever," Mnuchin"You know, I look back at people who bought stocks after the crash in 1987, people who bought stocks after the financial crisis," he continued. "For long-term investors, this will be a great investment opportunity."
Despite the secretary's optimism, international anxiety over the coronavirus has provoked a historically negative reaction in recent days from Wall Street, alarmed at least in part by President Donald Trump's management of the mushrooming outbreak.
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