compare and contrast Spanish flu with today’s covid 19 pandemic and the capital markets. Discuss the state of medicine back in 1918-1920 versus where we are today and what scientific technologies will jump start the economy with the assumption that a massive vaccine campaign will only be available in Summer of 2021 the earliest. Predict how you see economic recovery in light of the current response, our ability to treat patients in a modern ICU setting, have advanced medical technology to potentially develop therapeutics and vaccines. What about globalization as a continued source of easy transmission compared to 1918. Use scholarly references (must have at least 20 outside references) How did the federal reserve respond? We saw during the 2008 financial crisis that the federal reserve expanded its balance sheet and still has not unwound the Quantitative Easing from a decade ago and now the federal reserve balance sheet has exploded with a ton of new assets such as corporate bond ETF’s as one example.
Some interesting readings
Did the Twenties Roar?:
The Roaring 20s and Great Depression in America Paperback – March 7, 2020 by Sandi Ludwa (Author)
The Great Influenza: The Story of the Deadliest Pandemic in History Paperback – October 4, 2005. John Berry with new chapter this year
The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb, David Chandler, et al.
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System – and Themselves by Andrew Ross Sorkin, William Hughes, et al.
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