Chapter
The Impact of Coronavirus on the Economy
45:51 - 49:20 (03:28)
The speaker believes that the coronavirus pandemic won't cause a recession, but it will serve as the needle that pops the bubble. The prediction is that there will be a rise in discount memberships such as buying clubs.
Clips
The coronavirus is not going to cause an economic recession, but it may act as the needle that pops the bubble.
45:51 - 48:12 (02:21)
Economic Impact
Summary
The coronavirus is not going to cause an economic recession, but it may act as the needle that pops the bubble. The speaker predicts that in case of a drastic situation there will arise discount memberships and buying clubs.
ChapterThe Impact of Coronavirus on the Economy
Episode#57 - Corona Business Ideas, Stock Buybacks & Recession Proof Businesses
PodcastMy First Million
This podcast discusses the recent economic bubble burst and compares it to the mortgage backed securities crisis in 2008.
48:12 - 49:20 (01:07)
Economics
Summary
This podcast discusses the recent economic bubble burst and compares it to the mortgage backed securities crisis in 2008. The guest also recommends a YouTube video called How the Economic Machine Works, by Ray Dalio for a better understanding of how the economy functions.