#151 - Morgan Housel - What Has Covid-19 Done To The Economy?
Modern Wisdom
Chris Williamson
4.6 • 5.9K Ratings
🗓️ 16 March 2020
⏱️ 63 minutes
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| 0:00.0 | Hello friends, welcome back. |
| 0:02.8 | My guest today is Morgan Housel and that should be a name that you're familiar with as |
| 0:07.8 | I published an episode with him only a couple of weeks ago, one of our top ever played |
| 0:12.4 | in modern wisdom history, so why is he back on? |
| 0:15.4 | I brought him back because the current state of the financial markets and the global economy |
| 0:21.0 | is really confusing. |
| 0:22.8 | I have no idea why the market is 25% down and whether it's as bad as the Great Depression |
| 0:28.5 | from 1928 or the financial crash of 2008 or whatever it is. |
| 0:34.0 | I needed someone who knows what he's talking about and Morgan is the man who has taken |
| 0:39.0 | that task on his shoulders. |
| 0:40.2 | So today, expect to learn just what is going on with the financial markets, why prices |
| 0:44.9 | have dropped, just how this does compare to previous financial crashes, what some of the |
| 0:50.2 | signals would be that the market is at least starting to calm down in terms of volatility. |
| 0:56.8 | So at the very end of this episode, I give my best advice for how to be anti-fragile |
| 1:02.9 | during this situation, if you are under containment, if you are potentially in lockdown or |
| 1:07.6 | there's some social distancing procedures that you have to follow where you can't leave |
| 1:11.0 | the house as much. |
| 1:12.6 | Stay until the end to find out mine and Morgan's best suggestions on how to not only avoid |
| 1:18.2 | boredom but perhaps even flourish and develop yourself and your family slash home during |
| 1:25.2 | the process. |
| 1:26.5 | In other news, I know that this is the second in seven days of podcasts regarding the |
| 1:31.9 | coronavirus. |
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