MANAGING FINANCIAL CRISIS DURING COVID-19 W. HOWARD KATZ – EP. 41
The financial crisis we are entering from the COVID-19 pandemic is of huge concern. It is easy for rational thinking to go out the window and panicked reactions to limit our options.
To bring some calm to the situation is returning guest Howard Katz, a Managing Director of Mackie Research Capital. He offers some much-needed perspective on staying steady and avoiding panic in these times. Howard was on the show just four weeks ago, which now feels like a completely different time!
These are such unprecedented circumstances and it is reassuring to hear some positivity! We hope this episode can help calm nerves and stabilize ships. The main message here is that, for better or worse, we are all in together.
Howard believes that positive and proactive communication is our biggest tool for making it through a financial crisis during COVID-19. So listen to hear all about it. Stay safe and enjoy the show!
DISCLAIMER: The information provided on this podcast is for informational purposes only and is not intended to provide specific financial, investment, legal, tax or accounting advice and should not be relied upon as such. The contents of this podcast are not a solicitation to buy or sell securities. Mackie Research Capital Corp. is regulated by the Investment Industry Regulatory Organization of Canada and is a member of the Canadian Investor Protection Fund.
KEY POINTS FROM THIS EPISODE:
Remaining focussed on health and safety during this crisis.
Locating the current climate within the framework of the last major market crash.
Institutional and governmental responses to the present instability.
Howard’s advice to clients; staying realistic and honest communication.
Projections about the duration of the crisis and when we might return to something more normal.
Problems with forecasting about the future — only time will tell!
The atmosphere in the early stages of the crisis; the terrifying speed of the pandemic.
Weighing the value of bailouts for large corporations and the knock-on effects of failure.
Allowing businesses to remain intact for things to return to normal as soon as possible.
Exercising caution during the conditions in which we find ourselves.
Imagining the ‘new normal’; more professional social distancing, new tech and more!