(Photo by Pexels user energepic.com used under a Creative Commons license)
Delaware futurist Jim Lee recently sat down (virtually) with Mark Sackler of the podcast “Seeking Delphi” to discuss economics and investing in the post-COVID-19 future, including navigation of a potential depression, long-term inflation and the instability of the dollar.
One challenge for economic futurists like Lee and Sackler when looking toward a pre-COVID-19 future is the fact that a “flash depression,” as Lee calls it, is all-new territory. The influenza pandemic of 1918 didn’t directly cause a depression due to various factors, leaving the frames of reference for most post-COVID-19 predictions being based on the Great Depression of the 1930s and the Great Recession of 2008.
Sackler asks Lee to look forward toward three stages in the future: short term, or what things will look like over the next year or two; medium term, or what things might look like is about five years; and long term, or what things might look like in 10 years and beyond.
They discuss government response, zero-percent interest rates, possibly shortfalls created by printing more money, inflation and cryptocurrency.
The interview, which is available on iTunes, PlayerFM and Youtube, is about 30 minutes long. You can check out the video right here:
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