Episode 15: Coronavirus and the Economy – What’s Next?
May 1, 2020
When it comes to the Coronavirus and its impact on the economy, it appears as if the clouds are starting to part. We are starting to see positive news developments, rather than the doom and gloom of the last few weeks. And as this continues to happen, American consumers will return to their previous spending patterns. In this episode, Adam dives into what happens next.
Here are just a handful of the things that we'll discuss:
- We’ve had $5 trillion of economic stimulus injected into the US economy, which represents about 20% of total GPD. We look at what that means for us now, in the short term, and in the long term.
- We are a small business nation. Adam discusses that few small businesses have actually received appropriate stimulus money—and what will happen when these businesses go belly-up.
- Adam dives into how the stock market and the US economy are essentially disconnected.