Can You Tell When a Financial Panic is Coming?

Can You Tell When a Financial Panic is Coming?
July 2, 2-3:30 pm
Presented by Osher Lifelong Learning Institute (OLLI) • 941-309-5111 • olliringlingcollege.org
Ringling College Museum Campus, 1001 S. Tamiami Trail, Sarasota, FL 34236
Fee: $15
Is the next financial disaster on its way? In the last 200 years, the United States has had 10 financial panics — more than any industrialized country in the world, except for Argentina — with one common feature. Most never saw them coming. Panics in 1819, 1837, 1857, 1873, 1893, 1907, 1929, 1989, and 2008 each followed a similar economic pattern that we can see being repeated today. Could it be that the dollars being thrown at cryptocurrencies and artificial intelligence are turbocharging an already heated economy and making it susceptible to collapse? This lecture will explain how financial disasters are created, who is responsible, and what you can do to prepare for the next one. This lecture is drawn from Thomas Vartanian’s book, 200 Years of American Financial Panics.