Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

June 9, 2020 | Global Unemployment

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

COMMENT: Dear Mr. Armstrong,

According to a survey done by an online HR/recruitment firm (link attached above), 1 in 5 of Malaysians lost their job due to MCO aka lockdown arising from the COVID.

This is a stark contrast from what mainstream media reports or official numbers. It looks like things are getting ugly when reality sets in.

Stay safe and stay healthy. God bless America!

S

REPLY: It appears that on average, the global unemployment rate is around 20% thanks to COVID-19. Certain places where they rely on tourism has reached 50%+. This is so profound. Governments in Europe are telling people to stay home for vacations and not travel to southern Europe. Americans have been terrorized by the media not to take cruises or travel by plane. This summer will only heighten the sovereign debt crisis as we head into August.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

June 9th, 2020

Posted In: Armstrong Economics

Post a Comment:

Your email address will not be published.

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.