???? How is COVID-19 affecting the economy? Four Minute Finance

COVID-19 has made our economy come to a standstill. Is this like past recessions? Is it a recession or just a short term crisis? It's easy to see the struggles that are happening right now within the economy, but we are truly dealing with an unprecedented situation where even the best economic minds are not sure how it ends. We have never seen this sharp of an increase in unemployment since we started keeping track in 196. Yet even in light of this difficult time we can see a situation where we recover quickly if we can get past this virus. In this episode you will walk away with a solid understanding of how any recession happens and why COVID-19 makes this time in history different. Ask a Finance question that you have on: www.FourMinuteFinance.com If you use my online broker of choice, Robinhood (not sponsored), and click this link: http://join.robinhood.com/johnt29 (http://join.robinhood.com/johnt29) we both get free stock in a random company they give us. Sounds like a win-win to me.

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