Daily Archives: Jan 16, 2021 at 08:05 am EST

Book Bits: 16 January 2021

The New Great Depression: Winners and Losers in a Post-Pandemic World
James Rickards
Quote by author via Global Finance
“I did not live through the Great Depression, but my parents did and they were affected for life,” says James Rickards, author of The New Great Depression: Winners and Losers in a Post Pandemic World. “This will be very similar.” A 2020 study published by the Federal Reserve of San Francisco looked at 650 years of pandemics and found that monetary policy, economic growth and other policies do not normalize for 30 to 40 years. “If 2019 is your base year to define normal,” Rickards says, “well, we’ll never see normal again. Ever.”

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