According to a report by multidimensional news, on March 15, the federal reserve cut the target range of the benchmark interest rate by an emergency of 100 basis points to a record low of 0 to 0.25% and started the quantitative easing program of $700 billion.But the U.S. stock market fell again after the announcement and triggered a circuit breaker.It follows a steady stream of bad news about the outbreak that has left international financial markets bloodied.The world health organization (WHO) declared the new coronavirus pneumonia a global pandemic at a news conference in Geneva, Switzerland, March 11, local time.Affected by this, the international financial market earthquake, the stock market fell, more than 10 countries have the stock market circuit breaker.The stock market did not survive, and on March 12th it triggered a circuit breaker for the second time in four days just five minutes after the market opened.The dow Jones industrial average was the first to enter technical bear market territory, despite a big rally on March 13.Us 10-year Treasury yields fell below 0.5 per cent as geopolitical tensions intensified in the Middle East, with oil prices falling below $30 a barrel and risk aversion rising sharply.it takes me to 89 years of age to throw this one into experience. The new crown pneumonia outbreak and the oil price war brought a double blow to the market."It's not like the 1987 stock market crash, but it's a similar situation. The 2008 financial crisis was more scary."Twelve years after the financial crisis, a new depression seems imminent.

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