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The International Monetary Fund or IMF stated that this 2020 Great Lockdown will very likely be the worst global recession since the great depression of the 1930s. We break it down
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“2020 Could Be The WORST RECESSION Since 1930…”
0:23 – What is the International Monetary Fund or IMF
0:40 – This 2020 economic crisis was named the Great Lockdown
0:50 – The IMF said this is very likely the worst global recession we’ve seen since the 1930 great depression
1:35 – JP Morgan Chase Bank released their quarterly earning statement the same day the IMF made their doomsday statement and the stock market rallied 500 points
2:23 – The difference between the stock market and the economy
3:15 – The United States is losing $25 billion of lost value a day
4:20 – What happens if you open the economy too early or too late
5:10 – What happens when the government gives out free money through stimulus programs and bailouts
5:55 – Why people might be scared to spend money which could slow the economy more
7:45 – United States GDP projections
8:03 – How a presidential election will affect the economy and the economic recovery
10:20 – The questions you need to pay attention to so you can understand the economy
11:10 – Why financial education is so important
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This Video: https://youtu.be/94jLpVkBjMc
Video host: Jaspreet Singh
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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.