Share this article

'Minsky Moments' and the Financial History of Pandemics

As a wobbly recovery tries to take hold, was the coronavirus pandemic simply the pinprick on a larger economic bubble?

Everett Historical/Shutterstock.com
Everett Historical/Shutterstock.com

As a wobbly recovery tries to take hold, was the coronavirus pandemic simply the pinprick on a larger economic bubble?

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublicaIHeartRadio or RSS.

This episode is sponsored by ErisXThe Stellar Development Foundation and Grayscale Digital Large Cap Investment Fundhttps://grayscale.co/coindesk.

Jamie Catherwood works at O’Shaughnessy Asset Management, a quantitative long-equity investment firm. More importantly, however, he is the finance history guy on Twitter. His “Financial History: Sunday Reads” curation pieces and longer form articles on his site Investor Amnesia have become required reading for anyone who wants the historical context for current financial issues.

See also: How Disruption Makes Humanity Stronger, Feat. Emerson Spartz

On this episode of The Breakdown, Jamie and NLW discuss:

  • Financial lessons from previous pandemics, including the 14th century bubonic plague; an 1892 Cholera outbreak in Hamburg, Germany; and, of course, 1918
  • Strange parallels between 1918’s Spanish flu and the current Coronavirus crisis, including an increase in the price of oranges
  • The concept of “Minsky Moments,” a key inflection point in bubbles where over-exuberant markets become unwound extremely quickly

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublicaIHeartRadio or RSS.

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.

CoinDesk News Image