Financial History CE/CPE Now On A4A
Studying inflation crises that occurred in the distant past enables advisors to see why America is experiencing persistent inflation today. More importantly, understanding how the Fed responded to past crises makes it easier to envision how they is likely to respond to the current one. It also reveals that limited knowledge of financial history is often an investor’s greatest weakness. It causes us to misinterpret current events because we only see them through the lens of limited personal experience during your lifetime. Yet many financial crises have precedents that occurred long before we can remember, or even before we were born.
I’ve spent the last four months creating a series of financial history classes with author and financial historian, Mark J. Higgins, CFA, CFP?. The experience taught me to appreciate how the post-Covid inflation crisis is not unprecedented. It only appears so because nobody alive today experienced a nearly identical crisis that occurred after World War I and the Spanish Influenza.