What happens when you apply a financial solution to a medical problem?

Prepare yourself for a not so great experience!

Jim Cramer, the host of the popular CNBC show Mad Money, says that he is nervous, more nervous now, after the Fed announced a 50 basis point cut in interest rates.

As Coronavirus spread its way outside China, it was clear that economic disruption will soon follow the path. Like most people interested in stock markets I knew that the markets will take a hit. But what surprised me was the level of the rout, a 12% drop in a week. It was clear that there was some manic/panic selling.

The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the week, respectively, marking their worst weekly performance since the financial crisis.

Now the icing on the already soured cake is, Central banks around the world are priming for a co-ordinated response, which in turn means the economic downturn could possibly be worse than what some of us had imagined. And the Federal Reserve just made me even more nervous about 2020.

Market rout didn’t force US rate cut — but it was noted, Fed’s Mester told CNBC.

If that was the case why announce a rate cut when the scheduled meeting is just two weeks away? The last time Federal Reserve slashed interest rate…