26 Million Unemployed in 5 Weeks – Its Effects on You and the Economy
In this episode, we talk about how 26 million unemployed in 5 weeks affects you and the economy.
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In my network of friends / family / colleagues, I’m most often known as ‘The Investment Guy’.
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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 last week talking about the staggering effects of 26 million Americans becoming unemployed in last 5 weeks.
Let’s get to today’s video
Here are some of the things I talked about in the 1 – hour video above.
- Why there are 26 million Americans unemployed in the last 5 weeks.
- Why it makes no sense that the market is up every week on Thursday even after these horrific job numbers are released.
- What this means not only for the 26 million that are already unemployed.
- But also what this means for the US and our economy.
- And also the World and the world’s economy.
- And more.
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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 our others in this podcast by going here.
Does my reasoning in the video make sense to you? Let me know in the comments below.
Also, here are the resources mentioned in the video…
- Coca Cola Says Demand Weakened By Coronavirus
- Worlds Largest Economies
- Pork Producers Consider Euthanizing Hogs Due To Financial Losses
- China’s Retailers Face Hard Truth
- China’s Economy Shrinks For The First Time In 50 Years
- Ray Dalio – We’re Heading Into A Great Depression
- Big Banks Get Fed’s Blessing To Extend Leverage
- US Jobless Claims Reach 26 Million
- 3 Million Americans Are Skipping Mortgage Payments
- Federal Government To Buy Supply From Farmers
- Japan Declares Nationwide State of Emergency
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