Amidst a Pandemic, What’s the Prognosis for Global Economies?
In this episode of WashingtonWise Investor, Mike is joined by Jeff Kleintop, Schwab’s chief global investment strategist, to discuss the economic impact of the coronavirus pandemic on economies and markets around the globe. They also look at how central banks, especially the U.S. Fed, are working to get their economies back on track, what we can learn from countries that are beginning to come through the crisis, and how emerging markets may lead the way as the world recovers from this recession. Mike also provides new details on some key elements of the third stimulus package that investors and retirees need to know and considers what we might see in a fourth package. He also explores the implications of the profound disruption of the presidential primary process and whether we could see “virtual conventions” this summer. You can follow Jeff on Twitter @JeffreyKleintop. WashingtonWise Investor is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise. If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts. Important Disclosures: The policy analysis provided by Charles Schwab a Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. Supporting documentation on statistical information is available upon request. All expressions of opinion are subject to change without notice in reaction to shifting market or economic conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks. Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions. Diversification strategies do not ensure a profit and do not protect against losses in declining markets. All corporate names and sectors are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. (0420-0LCP)