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'Minsky Moments' and the Financial History of Pandemics
As a wobbly recovery tries to take hold, was the coronavirus pandemic simply the pinprick on a larger economic bubble?
Updated Dec 11, 2022, 7:30 p.m. Published May 19, 2020, 7:21 p.m.
As a wobbly recovery tries to take hold, was the coronavirus pandemic simply the pinprick on a larger economic bubble?
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This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fundhttps://grayscale.co/coindesk.
Jamie Catherwood works at O’Shaughnessy Asset Management, a quantitative long-equity investment firm. More importantly, however, he is the finance history guy on Twitter. His “Financial History: Sunday Reads” curation pieces and longer form articles on his site Investor Amnesia have become required reading for anyone who wants the historical context for current financial issues.
See also: How Disruption Makes Humanity Stronger, Feat. Emerson Spartz
On this episode of The Breakdown, Jamie and NLW discuss:
- Financial lessons from previous pandemics, including the 14th century bubonic plague; an 1892 Cholera outbreak in Hamburg, Germany; and, of course, 1918
- Strange parallels between 1918’s Spanish flu and the current Coronavirus crisis, including an increase in the price of oranges
- The concept of “Minsky Moments,” a key inflection point in bubbles where over-exuberant markets become unwound extremely quickly
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
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