In this episode, we discuss the economic impacts of unemployment. At this time, there are 34+ million unemployed in America.
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In my network of friends / family / colleagues, I’m most often known as ‘The Investment Guy’.
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.
To see our other videos in this series, where I give my thoughts on weed stocks, crypto, diversification, retirement plans, and more, click here.
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.
You can listen to this episode and others in this podcast by going here.
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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