Time now for an in-depth look at the market news today.
And for that, I'm joined on the line by Dr. Kim Seiwan, professor of economics at Ewha Womans University.
Professor Kim, thank you as always for making time.
The chairman of the Federal Reserve, Jerome Powell, has warned that the economic crisis we're in is the worst since World War Two and that the U.S. may need more stimulus. The Fed, however, is not considering taking interest rates negative. Tell us more about that and what measures you see coming down the pipeline.
The world has been hoping for a U-shaped recovery, or even a V-shaped one. But there's talk now of a recovery that looks more like the Nike swoosh symbol. In other words, long and slow. What do you think a recovery will look like?
Stocks on Wall Street were down sharply for a second day in a row. The Dow by more than two percent. What's the story in global stocks?
Korea's main stock index, the KOSPI, was back up to the 19-40 level yesterday. That gain wiped out, though, today. Tell us about the local markets.
Foreigners might have been pulling out of Korean stocks, but it looks like there's growing interest in bonds. Last month foreign bond holdings rose to an all-time high. Tell us about that, and why that might be.
Alright, Professor Kim.
Always good to get your analysis.
Thank you for your time today.