What Has Covid-19 Done To The Economy? | Morgan Housel | Modern Wisdom Podcast 151

Morgan Housel is a writer and investor. Markets are down 25% and the biggest single day market move in recent history was due to the Coronavirus Outbreak. What does this mean for the global economy? Expect to learn Morgan's advice for trading and holding assets during this time, why the markets have reacted in this way, what the signals would be that things are improving, how you can financially prepare for the coming months and much more. Extra Stuff: Follow Morgan on Twitter - https://twitter.com/morganhousel Buy Morgan's Book - https://amzn.to/2xAHWXD My first episode with Morgan - https://youtu.be/91TgP1D0Kps Take a break from alcohol and upgrade your life - https://6monthssober.com/podcast Check out everything I recommend from books to products - https://www.amazon.co.uk/shop/modernwisdom #coronavirus #covid19 #globalmarket - Listen to all episodes online. Search "Modern Wisdom" on any Podcast App or click here: iTunes: https://apple.co/2MNqIgw Spotify: https://spoti.fi/2LSimPn Stitcher: https://www.stitcher.com/podcast/modern-wisdom - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: modernwisdompodcast@gmail.com

Chris WilliamsonhostMorgan Houselguest

Mar 16, 20201h 2mWatch on YouTube ↗

EPISODE INFO

Released: March 16, 2020
Duration: 1h 2m
Channel: Modern Wisdom
Watch on YouTube: ▶ Open ↗

EPISODE DESCRIPTION

Morgan Housel is a writer and investor. Markets are down 25% and the biggest single day market move in recent history was due to the Coronavirus Outbreak. What does this mean for the global economy? Expect to learn Morgan's advice for trading and holding assets during this time, why the markets have reacted in this way, what the signals would be that things are improving, how you can financially prepare for the coming months and much more. Extra Stuff: Follow Morgan on Twitter - https://twitter.com/morganhousel Buy Morgan's Book - https://amzn.to/2xAHWXD My first episode with Morgan - https://youtu.be/91TgP1D0Kps Take a break from alcohol and upgrade your life - https://6monthssober.com/podcast Check out everything I recommend from books to products - https://www.amazon.co.uk/shop/modernwisdom #coronavirus #covid19 #globalmarket - Listen to all episodes online. Search "Modern Wisdom" on any Podcast App or click here: iTunes: https://apple.co/2MNqIgw Spotify: https://spoti.fi/2LSimPn Stitcher: https://www.stitcher.com/podcast/modern-wisdom - Get in touch in the comments below or head to... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx Email: modernwisdompodcast@gmail.com

SPEAKERS

Chris Williamson
host
Narrator
other
Morgan Housel
guest

EPISODE SUMMARY

In this episode of Modern Wisdom, featuring Chris Williamson and Narrator, What Has Covid-19 Done To The Economy? | Morgan Housel | Modern Wisdom Podcast 151 explores cOVID shock: unprecedented economic shutdown, market chaos, and resilience lessons Chris Williamson and Morgan Housel unpack how COVID-19 triggered an extremely rapid 25%+ stock market drop and an economic shutdown with few historical parallels. Unlike typical recessions where activity falls 5–10%, entire regions and industries have seen sales down 80–90%, creating World War II‑level disruption in how economies function. Housel stresses that this crisis is biologically driven, not a traditional financial or business imbalance, which means both the path of damage and the path of recovery are unusually hard to forecast. They finish by discussing practical ways to be financially and psychologically resilient—prioritizing survival, liquidity, simple lifestyles, and using potential lockdown time for learning, family, and low‑cost hobbies.

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