The Pandemic Might Be "Over," but Not the Repercussions
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 21 September 2022
⏱️ 32 minutes
🧾️ Download transcript
Summary
How risk perceptions and actions have changed over several years of the pandemic. How the pandemic's impacts continue to affect politics, the economy, financial markets, how we invest, and our personal lives.
Topics covered include:
- Is the pandemic really over?
- What percentage of people continue to isolate at home
- How behaviors such as eating out and visiting friends have changed throughout the pandemic.
- How work has changed with the pandemic
- Has pandemic stimulus changed beliefs about the sustainability of the national debt leading to structural inflation
- How productivity improvements could improve the national debt burden
- What investment lessons has David learned from the pandemic
For more information on this episode click here.
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Show Notes
COVID-19 Dashboard—The Center for Systems Science and Engineering at Johns Hopkins University
Axios/Ipsos COVID-19 Poll – Wave 70, September 9–12, 2022
Study: 163 Million People Dine Out at Least Once a Week—QSR Magazine
Inflation as a Fiscal Limit by Francesco Bianchi and Leonardo Melosi
Related Episodes
333: How The Covid Shock Nearly Destroyed The Financial System
400: What If High Inflation Doesn’t End?
Investments Mentioned
Simplify Interest Rate Hedge ETF (PFIX)
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Transcript
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| 0:00.0 | Welcome to Money for the Rest of Us. |
| 0:02.8 | This is a personal financial on money, how it works, how to invest it, and how to live |
| 0:08.2 | without worrying about it. |
| 0:10.0 | I'm your host, David Stein, today's episode 4-3. |
| 0:13.4 | It's titled, The Pandemic Might Be Over, But Not Its Repercutions. |
| 0:19.5 | Last Sunday, President Biden said on 60 minutes, we still have a problem with COVID. |
| 0:25.5 | We're still doing a lot of work on it, but the pandemic is over. |
| 0:30.1 | The President's comments the next day Monday, cause vaccine manufacturers. |
| 0:35.7 | Moderna, Pfizer, Novavax, they all sold off. |
| 0:40.4 | Collectively, the major vaccine manufacturers lost over $9 billion of market value. |
| 0:48.4 | That's the collective value that dissipated when their stock sold off. |
| 0:52.6 | The difference between an epidemic and a pandemic is an epidemic is an increase in the |
| 0:58.9 | number of cases, a sudden increase of a disease within a specific country or geographic region. |
| 1:05.7 | A pandemic is an epidemic that has spread to several countries and continents. |
| 1:12.2 | If we look at the number of COVID cases, this is data from John Hopkins University, the |
| 1:18.4 | number of deaths has averaged between 10,000 and 20,000 a week since his past May. |
| 1:25.9 | That's the lowest since March 2020, and down from around 75,000 deaths attributed to COVID |
| 1:33.4 | on a weekly basis in February 2022 when the Omicron variant peaked. |
| 1:39.4 | COVID hasn't gone away, it's endemic, which means it's found around the world, but cases |
| 1:45.5 | aren't growing, and so I guess by that definition, the pandemic could be considered over. |
| 1:52.2 | That's not really the point of today's episode, though, because it's just a matter of opinion. |
| 1:57.6 | In the past 30 months of the pandemic, we've done six regular podcast episodes on the COVID |
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