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 ErisXThe Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

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 PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublicaIHeartRadio or RSS.

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