TIP282: Novel Coronavirus (COVID-19) Economic Impact w/ Erik Townsend (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 12 February 2020

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s show we talk to Erik Townsend about the potential impact of the Novel Coronavirus (COVID-19) on the global economy.

IN THIS EPISODE, YOU'LL LEARN:

What is the impact to the supply chain
What are some of the key figures we know today
The reflexive impact of fear on spending
The impact on Airlines
Asymptomatic transmission impacts
What's the good news
Impact for Big Pharma
The impact on Stocks versus bonds
Central Banking response
What's next?

BOOKS AND RESOURCES

Checkout Erik Townsend's podcast, MacroVoices
Contact Erik on twitter
ACE2 Transport protein and it's impact on transmission amongst certain races
Ca pital One. This is Banking Reimagined.
Experience a real estate investing platform that is powered by an investor-first model with Fundrise.
Make your money work harder with Wealthsimple.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	You're listening to TIP.
0:30.0	Our guest today is Eric Townsend.
0:32.0	Eric is an entrepreneur with quite the track record and software technologies.
0:36.0	Later in his career, he became a professional investor and he currently runs the fourth-turning capital management company.
0:42.0	Eric is the founder and host of the very popular macro voices and we are thrilled to have him here with us today.
0:48.0	So with that, let's get to it.
0:50.0	You are listening to THE Investors Podcast.
0:56.0	Where we study the financial markets and read the books that influence self-made billionaires the most.
1:01.0	We keep you informed and prepared for the unexpected.
1:13.0	Hey everyone, welcome to THE Investors Podcast. I'm your host, Preston Pishin.
1:17.0	I am not a company by Stig Broderson today because he's out in LA for a live TIP event.
1:22.0	But I am here with the one and only Eric Townsend from macro voices.
1:27.0	Eric, this is such an important topic. We are thrilled to have you here as I'm looking across Twitter and the people that are talking about this coronavirus.
1:35.0	You in my humble opinion are leading the charge here so we are super excited to have you here to help us plow through this.
1:43.0	Wow, I wasn't expecting that intro. Thank you so much, Preston. But since you brought up Twitter and I've been getting, it's funny.
1:49.0	I don't know what you've been seeing on Twitter, but I keep getting hit over the head on Twitter.
1:54.0	So I want to make it super clear to everybody. I am not an epidemiologist. I'm not a doctor. I'm not a virus expert.
2:00.0	I'm not any of those things. My background for about the last 12 years or so is I have been a full-time macro trader, a global macro strategy trader.
2:10.0	I ran a hedge fund for a few years. So what I'm pretty good at is learning about situations from people who really are experts in figuring out how to translate these things.
2:18.0	To financial markets. So what I can offer to listeners is I've talked to people who really are experts on this.
2:25.0	I've read a lot of their work. I'm learning as fast as I can about a subject I don't know very much about.
2:30.0	And I want to be very clear in admitting I don't know very much about all of this epidemiology stuff.
	...

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