The last thing anyone needs in this coronavirus situation is more panic, but there’s a notable gap between the alarms emanating from the airline industry and the sanguine attitude among the companies that supply their spare parts and maintenance work. Last week brought a flood of fresh warnings from US carriers on cancelled flights, with Delta Air Lines Inc and ...

The economic threat from the coronavirus pandemic is profound. Stocks have plunged, oil prices have tumbled, the entire yield curve has fallen below 1% for the first time in history, and the country may already be in recession. Boosting the economy will be difficult, because macroeconomic theory and policy are not set up to deal with pandemics. The US economy ...

Treasury yields have plunged to record lows as investors brace for the impact of the worldwide spread of the coronavirus. With interest rates low or negative around the world, and with central banks struggling to hit their inflation targets even before this evolving public-health shock, it’s understandable that investors are ready for another prolonged bout of central-bank deflation fighting. But ...