31:38

EssentialThe Expert View

Praying for a Miracle: Coronavirus' Black Swan Risk

Featuring Raoul Pal

Mar 06, 2020 • 31 minutes

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Essential

The Expert View

Praying for a Miracle: Coronavirus' Black Swan Risk

Raoul Pal of Global Macro Investor argues that the current coronavirus outbreak could be the "biggest economic event of our lifetimes."

Featuring Raoul Pal

Mar 06, 2020 • 31 minutes

Will the coronavirus cause the everything bubble to pop, trigger a global economic depression, and be the impetus for major systemic changes? Raoul Pal of Global Macro Investor argues that the current coronavirus outbreak could be the "biggest economic event of our lifetimes." He reveals his analysis of the real risks presented by the coronavirus outbreak and the ensuing response for people, markets, and institutions. He compares the COVID-19 outbreak to the Spanish Flu from a century ago – pointing out the important similarities and differences. He connects his doom loop thesis to the Black Swan risk that coronavirus represents to the indexification of markets, the coming retirement crisis, and the everything bubble. Finally, he shares his thoughts on the impact a global event could have on gold and cryptocurrencies and shares his hope for a better future born of the COVID-19 chaos. Filmed on March 4, 2020 in New York. Show More

Subject-matter experts offer in-depth analysis of global investment risk and opportunity. Expert View probes the top minds from relevant fields, offering critical insights into every corner of financial markets.

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Subject-matter experts offer in-depth analysis of global investment risk and opportunity. Expert View probes the top minds from relevant fields, offering critical insights into every corner of financial markets.

More Episodes

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