The Social & Economic Impact of Coronavirus with Raoul Pal

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“What you need to be, I think, is pragmatic and understand there are no great answers and every answer has a bad outcome for all of us.”
— Raoul Pal

SHOW DESCRIPTION

Location: Skype
Date: Thursday, 26th March
Project: Real Vision
Role: Co-Founder & CEO

The coronavirus pandemic has led to a global economic crisis. With the movement of people heavily restricted, businesses forced to close and supply chains disrupted.

Stock markets around the world have crashed, leading many to question if the restrictive measures to limit the spread of the virus are worth the economic impact. Donald Trump has stated that the “cure” cannot be worse than the “problem”.

To fight the recession and help those in need, most major economies, including the US, UK, Canada and Germany, have announced unprecedented economic stimulus packages to support the economy and those out of work.

The severity and duration of the impact coronavirus will have on the economy is almost impossible to predict; however, this event will likely alter the world forever.

In this interview, I talk to Raoul Pal co-founder & CEO of Real Vision and macroeconomist. We discuss the political and economic impact of coronavirus, the role of the state and the societal change that will occur.

TIMESTAMPS

00:04:25: Introductions
00:06:16: The issues surrounding COVID-19
00:09:35: Overreacting or under-reacting
00:13:21: COVID-19 as a political issue
00:15:07: Freedom of individuals
00:17:34: Importance of government
00:21:20: Cayman Islands
00:23:13: Changing global tourism
00:24:56: Impact of money printing on inflation
00:29:56: Difficulty in making predictions
00:32:31: Right time for Bitcoin?
00:33:53: Final comments

 

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SHOW NOTES

PodcastPeter McCormack