"Health care companies led a broad slide in U.S. stocks" over concerns about the spread of coronavirus. This puzzled me initially. Wouldn't health care companies do better if a lot of people get sick? Then it struck me that the answer is no. Health care companies would lose money by providing their product, their service to a lot of sick people. The ostensible reason for their existence is the exact reason the markets are concerned. They are not health care companies, they are financial enterprises that only succeed if they minimize delivery of their official product. Is my assessment accurate? Am I missing something?
Chủ Nhật, 26 tháng 1, 2020
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