History as a Compass — Coronavirus, Financial Crashes, and Lessons from the Past
The Big Picture ·
Featuring Jamie Catherwood, Scott Nations, James Grant, and Jim Chanos
Published on: April 24th, 2020 • Duration: 130 minutes
How does the impact of coronavirus compare to financial and economic crashes from the past? In the second episode of “The Big Picture,” Real Vision takes viewers on a journey through the history of financial crises and crashes. History may not repeat itself, but understanding how we got here will help us understand where we are headed. To that end, Jamie Catherwood of O’Shaughnessy Asset Management speaks to Scott Nations, president of Nationshares and author of “A History of the United States in Five Crashes,” Jim Grant, legendary financial reporter and founder of Grant’s Interest Rate Observer, and Jim Chanos, president of Kynikos Associates, famed fund manager, and master short seller. Nations breaks down the similarities between today and the Panic of 1907 and lessons from his book, Grant explains why the financial panic caused by coronavirus is reminiscent of the Panic of 1825, and Chanos shares his perspective on financial markets during previous crises. Filmed April 15-17, 2020.