In this episode, we discuss the economic impacts of unemployment. At this time, there are 34+ million unemployed in America.
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Because of this, I’m often asked about the latest trend in investing, whether would it be years ago, gold and silver, the Greek Crash a couple of years ago, or more recently, weed stocks and cryptocurrency.
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Today, I want to share a Facebook Live I did yesterday talking about the vast and wide-ranging economic impacts of now 34+ million Americans being unemployed. And mass unemployment worldwide.
Let’s get to it…
Here are some of the things I talked about in the 51 – minute video above.
- Why are there so many unemployed people right now
- Why this already bad in the US and worldwide
- And why its going to get worse in the coming months as 2nd quarter economic numbers come out
- What this is going to lead to
- And more…
Economic Impacts of 34+ Million Americans Unemployed – Source List
- India Jobless Numbers Cross 120 Million In April
- EU Predicts Region Will Contract 7.4% This Year In Worst Economic Shock Since 1930s.
- EU Warns Coronavirus Will Trigger Recession of Historic Proportions in 2020.
- As Spaniards Got Their First Real Taste Of Freedom This Week, Hundreds Of Them Got Arrested And Thousands Were Fined
- Bank of England Predicts UK Economy Could Shrink by Nearly A Third
- What Happens To Main Street When Even The Biggest Retailers Can’t Pay Rent?
- Nearly 4 Million Homeowners Are Now Longer Paying Their Mortgages
- Fitch Flags Seven Consumer Lenders
- Job Losses Across Asia-Pacific Could Double
- Singapore And Japan Jobless Rates Show Coronavirus Pain Setting In
- 1 In 5 American Workers Has Filed For Unemployment Benefits Since Mid March
- Unemployment Rate By Year Since 1929
- Major Grocery Chains Rationing Meat Purchases To Curb Hoarding
- Working Age Population Stats
More Content…
This video is part of the IloveValueInvesting Podcast which was recently voted a top 15 value investing podcast in the world by Feedspot.
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Does my reasoning in the video make sense to you? Did I miss anything? Let me know in the comments below.
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