Retail sales in China dropped by 20.5% after coronavirus hit, illustrating a scary difference between today's crisis and 2008
· *Retail sales in China declined by 20.5% this year, after the coronavirus prevented people from shopping.*
· *That stat gives us a glimpse of why this crisis is potentially more terrifying than the recession of 2008.*
· *In 2008, the crisis was financial, and government and central banks have good tools for fixing...