The swoon in the stock market brings back memories of a similar swoon during the subprime mortgage crisis in 2008. Back then, the great uncertainty was in the mortgage-backed securities--those bundles of home loans. Which loans were bad and which were okay? No one could tell because they came in bundles, sort of like a bunch of passengers on a plane, or students in a classroom. If one person in the group has coronavirus, then the entire bundle becomes suspect.
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