Post-COVID Inflation and Federal Reserve Policy

Buy Now

This two-credit elective course provides unique perspective on the post-COVID-19 inflation and the Federal Reserve’s aggressive monetary response by recounting multiple comparable events in U.S. history. Investment professionals gain new insight into the potential monetary policy response of the Federal Reserve, and its likely impact over the coming year. Both classes are offered on-demand for those who cannot attend the live classes.

 

Class #1: COVID-19 Financial Crisis and the Value of Financial History (60 Minutes)

Date:  
October 25, 2022
Time:    1:00 PM Pacific/4:00 PM Eastern
Duration:     60 Minutes
On Demand:   Yes 

 

This class explains the fundamental dynamics of the COVID-19 financial crisis by comparing it to similar events that occurred during and after World War I and the Great Influenza from 1914 to 1921. Attendees will develop a deeper understanding of the underlying drivers of the COVID-19 financial crisis, including the recent spike of inflation. The class also explains potential benefits to practitioners, who study financial history. Highlights include:
 

  • Rationale behind the initial fiscal and monetary response by the federal government and Federal Reserve in 2020
  • Fundamental drivers of Post-COVID inflation and speculation
  • Rationale and historical precedents driving Federal Reserve policy in 2022

 

Class #2: The Four Phases of the COVID-19 Financial Crisis and Implications for the Future (60 Minutes)

Date:  
November 1, 2022
Time:    1:00 PM Pacific/4:00 PM Eastern
Duration:     60 Minutes
On Demand:   Yes (available within 24hrs)

 

This class explains the COVID-19 financial crisis by breaking it down into four distinct phases: (1) Panic, (2) Emergency Response, (3) Side Effects of Inflation and Speculation, and (4) the Clean Up Phase. The class draws insights from multiple historic events, such as the outbreak of World War I in July 1914, onset of the Great Inflation in the late 1960s, the Dot-Com bubble in the late 1990s, and the 2008/2009 Global Financial Crisis. The class concludes with a discussion of several key lessons from history, which provide greater clarity on the potential effects of Fed policy on the global economy and markets.

Class 2 explains several long-forgotten financial events that explain the various phases of the COVID-19 financial crisis from its onset in March 2000 to the present day. Key historical events discussed include:

● The Panic of 1914  ● The Great Inflation of 1965-1982
● The Great Influenza 1918-1919 ● Paul Volcker’s Monetary Tightening (1979-1981)
● World War I and Post-World War I ● The Global Financial Crisis of 2008-2009
● The Dot Com Bubble of 1999-2000  

 

Learning objectives and highlights of this course include:

  •  Fundamental dynamics of sudden stop financial panics
  •  Fundamental drivers of post-war/pandemic inflation
  •  Principles of monetary policy in a financial crisis
  •  Common side effects of monetary and fiscal policies during major financial crises
  •  Key drivers of Federal Reserve thought process in 2022

 

Who should attend:

Institutional Investment Plan Trustees
Institutional Investment Consultants
Investment Advisors
Financial Planners
Wealth Managers
Financial Analysts
Securities and Research Analysts

 

Mark J. Higgins, CFA, CFP®
Mark is a former institutional investment consultant and financial historian. His classes draw from his upcoming book, Becoming An Enlightened Investor. Prior to founding The Enlightened Investor, LLC, Mark served as a senior investment consultant for more than 12 years. In this role, he advised the trustees of large pension plans, foundations, endowments, and insurance reserves with aggregate assets of more than $60 billion. He discovered that understanding financial history proved much more valuable than tracking the latest economic data. He also discovered that there was no single book that recounted the full financial history of the United States. Becoming an Enlightened Investor seeks to fill this void. The insights are intended to help investors contextualize current events and thereby improve their investment decisions. The book will be published and distributed by the Greenleaf Book Group and will be available for purchase online and in bookstores in the Fall of 2023

 

 

 

RECENT RESEARCH

The Fed’s “Time of Testing”: Is This Where the Trouble Will Stop?

Powell Prescribes More Economic Pain: Three Financial History Lessons Support His Diagnosis

The Eye of the Storm: The Fed, Inflation, and the Ides of October

The Federal Reserve Isn’t Bluffing: The Real Threat of an Upside-Down Depression (June 2022)

The Financial Effects of the COVID-19 Pandemic are not Unprecedented (May 2022)

The Story of Hetty Green: America’s First Value Investor and Financial Grandmaster (March 2022)

The Federal Reserve’s Dovish Days are Suspended: Investors Should Brace Hard for the Hawk (February 2022)

A Pirate Looks at Forty-One: Lessons from the Rise and Fall of America’s First Funded Pension Plan (December 2021)

A Post COVID Recovery is Unlikely to Resemble the Roaring 20s; The Years 1919 and 1999 Serve as More Insightful Comparisons (May 2021)

 

 

INCLUDED WITH COURSE

FINRA-REVIEWED

PANDEMIC FINANCIAL HISTORY 
CLIENT COMMUNICATIONS PACK
2  Articles
Presentation
2 Videos
  FINRA Review