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‘We have the fix in front of us’: Delta variant cases spark economic concerns as stock market sounds alarm

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VESTAL (WBNG) -- On Monday, the stock market slid shortly after opening due to investor fears over a fourth wave of the coronavirus.

Daniel McKeever is a professor of finance at Binghamton University and said the alarm has been sounded by the stock market.

"This is what the markets are telling us, is that we are at risk of going back to a place we don't want to be," he said.

Dr. Anthony Fauci expressed his concern this week when he said the restrictions from last year could return.

"If we don't get a significant percentage of these people vaccinated, we're going to see a smoldering of this outbreak in our country for a considerable period of time," Fauci said.

Rebecca Kaufman is the Broome County health director and pointed to one part of the population where concern should lie.

"Across the country, the very ill tend to be people who are not vaccinated," she said.

McKeever said that people can hedge their financial investments by getting vaccinated and encouraging others to do the same to avoid shutdowns and restrictions.

"If your concern is how the economy is going to perform if your concern is the small business you own, it's in your best interest to try to prevent that outcome," he said.

Kaufman said that now is the time for people who have shown hesitancy to look at the facts.

"I know there were a lot of people who were waiting, they wanted to see what was going to happen and they wanted to see how people were going to react. I think now is the time for those people to get vaccinated," she said.

"In the fall, respiratory illnesses are on the rise and we just don't want to see coronavirus take back control," Kaufman added.

McKeever said that history repeating itself is dangerous.

"We have a chance to learn from history, recent history. We have 2020 hindsight. We have the fix in front of us. We just need to use it," he said.

Kienan Dixon

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