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Odd Lots

What The Black Death And Spanish Flu Can Tell Us About What Comes Next

Odd Lots

Bloomberg

Business News, News, News Commentary, Business, Investing

4.52K Ratings

🗓️ 22 June 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

Nobody knows what the post-COVID future looks like. But there are some lessons to be learned from previous pandemics. On today’s episode we speak with Jamie Catherwood of O’Shaughnessy Asset Management, aka the “Finance History Guy.” Jamie talks to us about what he’s learned from studying both the Spanish Flu and the Black Death about what this crisis means for markets and the economy.

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Transcript

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0:00.0

On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference,

0:05.2

Bloomberg Green will convene the foremost leaders in business, finance, policy, academia,

0:10.3

and NGOs for candid conversations focused on creating solutions to support

0:14.9

the goals set forth at COP28. Join our community of global influencers and

0:19.5

problem solvers in Dubai to build connections, inspire innovation and challenge the status quo in the

0:25.1

battle against climate change. Register at Bloomberg Live.com slash B Green Radio. Hello and welcome to another episode of the Odd Thoughts Podcast. I'm Tracy Allaway.

0:45.0

And I'm Joe Wisenthaw.

0:47.0

So, Joe, you know what I like to do during uncertain times.

0:52.7

Times of trouble.

0:54.1

Play with your dog, play with your puppy?

0:57.2

Yes, but that's a relatively new development.

1:00.4

But for a long time, I really like reading history books.

1:04.0

Whenever the world seems a little bit crazy, I like going back in time and finding other moments where things seem just as crazy.

1:12.0

See, I like stress eating when the world is really bad.

1:17.3

Yeah, stress eating is also enjoyable.

1:20.5

But the reason I bring it up is because in the current situation we've seen the

1:27.2

coronavirus pandemic there are a lot of historic parallels to this particular outbreak so of this

1:33.2

particular outbreak. So almost immediately when this whole thing started, people

1:38.0

started reaching back to the black death of the Middle Ages.

1:42.6

We also had people talking about parallels with the Spanish influenza

1:46.0

pandemic of 1918.

1:48.7

Lots of people looking at history to try to figure out what's going on right now and what the economy might actually

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