Why the stock market’s bubble burst yesterday

Global stocks fell today after the Federal Reserve warned that the economy cannot fully recover until the labor market heals.The road to an economic reboot will take time, and “extraordinary policies will be needed to walk the tightrope towards rec [Quartz]( Global stocks fell today after the Federal Reserve warned that the economy cannot fully recover until the labor market heals.The road to an economic reboot will take time, and “extraordinary policies will be needed to walk the tightrope towards recovery,” said Laurence Boone, the Organization for Economic Cooperation and Development’s chief economist. What does the current plan look like? Take advantage of a [free week]( of Quartz membership to explore the world’s [best battle plans]( to overcome the economic crisis. [Start your free trial]( [Illustration of rollercoaster]( Yifan Wu for Quartz Read more during your member experience: - [How to save the global economy from Covid-19.]( This state-of-play outlines the most promising ideas—a dream team of relief policies from around the world that can help us get through this. - [Britain is debating whether to launch a sovereign wealth fund to protect the UK economy.]( It’s one of the many ideas officials are considering as time is running out to put yet another plan in place. - [The coronavirus pandemic has given India a rare chance to play catch up with China.]( Learn why the impact of the pandemic on China is a “blessing in disguise” for India. - [Coronavirus living briefing](. Everyday we look at how Covid-19 affects major aspects of the global economy, from bailouts to banking to air travel, and track important information on testing and treatments. Bookmark this page, stay informed, and never fall behind. [Start your free trial]( today and enjoy 40% off your first year of Quartz membership, on us. [facebook]( [twitter]( [external-link]( Enjoying this email? Forward it to a friend! They can [click here]( to sign up. If you’re looking to unsubscribe, [click here](. Quartz | 675 Avenue of the Americas, 4th Fl | New York, NY 10011 | United States Copyright © 2020 Quartz, All rights reserved.