Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By CoyotePrime (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Economic Shockwaves: How the Coronavirus is Impacting our Future

% of readers think this story is Fact. Add your two cents.


“Economic Shockwaves: 
How the Coronavirus is Impacting our Future”
by Peak Prosperity
“Coronavirus-induced shockwaves are rippling through the world economy, causing tremendous damage that we are only just beginning to measure. Strangled global supply chains have caused supply shortages. A massive drop in demand has resulted from millions of customers forced to stay home under mandatory lockdown. Now come the job losses. 60% of companies have reported hiring freezes, while over 13% have already begun laying workers off.
Of course, the layoff rate will accelerate rapidly as Q1 earnings (or more accurately, Q1 “horrific losses”) start being reported later this month. The small/medium-sized enterprises (SMEs) like your local restaurant, dry cleaner, bookstore and building contractor are being hit especially hard, as they don’t have the reserves to withstand the many weeks of no income the lockdown is placing them under. Many of them have already laid off their employees. Many may never reopen.
The jaw-dropping severity of this job carnage can already be seen in last week’s unemployment numbers. Claims spiked up to 3.3 million — nearly 6x higher(!) than the worst week of the Great Financial Crisis.
So what impact will this all have? What will the rest of 2020 be like? It’s certain that we’re heading into recession. How deep and long with it be? Will the announced stimulus efforts help? Can we get things back to the way they were, or are we entering a “new normal”? If the latter, what will that look like?
To address these questions, I recorded the following interview today with two of Peak Prosperity’s favorite macro experts, John Rubino and Charles Hugh Smith. Both are in agreement that the current breakdown represents “the end of the road” for the 75-year Debt Supercycle we’ve been living through. And because of that, the future is going to look and feel very different to what we’ve been used to.
After the recording ended, John and Charles expressed interest in coming back on soon to delve further into the question of: What comes next? What specific policies, monetary systems, business models, etc will be better suited for the future we’re swiftly transitioning into? If that’s a discussion you’d indeed like to see happen, let us know in the Comments section below, along with any other particular questions you’re interested in hearing addressed.”


Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2020/04/economic-shockwaves-how-coronavirus-is.html



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.