Coronavirus and the Financial Impact of Pandemics
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 5 February 2020
⏱️ 24 minutes
🧾️ Download transcript
Summary
How pandemics have impacted the economy and financial markets. Where does the coronavirus rank in severity compared to other pandemics. What portfolio changes, if any, should investors make in response to the coronavirus pandemic.
Topics covered include:
- Definition of a pandemic
- The worst pandemics in the 20th and 21st centuries
- What are the factors in determining the severity of the coronavirus' impact
- What are the economic ramifications of the coronavirus.
- How did financial markets perform during previous pandemic episodes.
- Are there portfolio changes investors should make in response to the coronavirus
Thanks to Policygenius and LinkedIn Jobs for sponsoring the episode.
For show notes and more information on this episode click here.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Money for the rest of us. This is a personal finance show on money, how it works, how to invest it, and how to live without worrying about it. |
| 0:09.5 | I'm your host David Stein today is episode 286. It's titled The |
| 0:14.5 | Coronovirus The Financial Impact of Pandemics. The coronavirus, the most |
| 0:21.8 | recent novel strain was first reported in late December. |
| 0:27.6 | Now it is growing exponentially. Financial markets are reacting. bond yields have fallen, stock market has sold off, |
| 0:36.0 | there's a great deal of uncertainty in terms of the cost to human life. |
| 0:41.0 | In this episode we're going to look at what has been the financial |
| 0:46.1 | impact of prior pandemics? What is done about it? Why is there so much |
| 0:51.3 | uncertainty and should there be something that we do in terms of our investment portfolio |
| 0:57.0 | given what is going on right now? |
| 1:00.0 | First, the difference between an epidemic and a pandemic is an epidemic is a sudden |
| 1:06.7 | increase in the number of cases of a disease generally within a specific geographic area, |
| 1:15.0 | whereas a pandemic is an epidemic that has spread |
| 1:20.0 | over several countries and continents. |
| 1:24.2 | That's according to the Center for Disease Control and Prevention. |
| 1:28.4 | The coronavirus, now that it has spread to more than, I believe, 10 countries, it's a pandemic. |
| 1:37.0 | Most of the cases, the vast majority of cases are in China. The largest pandemic in the modern era was the |
| 1:48.4 | 1918 influenza pandemic. It was caused by an H1N1 virus with genes of avian origin. It's estimated that about |
| 1:59.8 | 500 million people or one-third of the world's population was infected with this virus. |
| 2:07.0 | 50 million worldwide deaths, about 675,000 in the US. The mortality rate, if you got the disease, 10% of those that |
| 2:21.7 | caught this flu virus passed away. |
| 2:25.0 | That was 1 to 3% of the world's population. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from J. David Stein, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of J. David Stein and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.