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.
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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 30+ million Americans being unemployed.
Let’s get to it…
Here are some of the things I talked about in the 48 – minute video above.
- Why there are so many people unemployed 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…
Relevant Source
- US Weekly Jobless Claims Top 30 Million In Last 6 Weeks – Via CNBC
- US GDP Sinks 4.8% in 1st Quarter – via Marketwatch
- US GDP By Year – Via The Balance
- US Historical Foreclosure Rate – Via Statista
- Over 6% of All Mortgages In US Now In Forbearance – Via TheStreet
- Average US Mortgage Payment – Via LendingTree
- US Auto Loans Are Running On Fumes – Via The Wall Street Journal
- The Auto Loan Market Is Facing A Meltdown – Via The Motley Fool
- Millions of Credit Card Customers Are No Longer Paying Their Bills – Via Marketwatch
- Hertz Stock Plummets on Earnings and Missed Lease Payment – Via Marketwatch
- Adidas Reports 95% Fall In Profits – Via Marketwatch
- BP Profits Fall By 66% in First Quarter – Via BBC
- Shell Profits Fall by 2/3rds in First Quarter – Via The Guardian
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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