Episodes
Monday Apr 27, 2020
Our Economy, Employment, and Marijuana Stocks
Monday Apr 27, 2020
Monday Apr 27, 2020
In some recent research Goldman Sachs economists said our current situation could be something similar to the man-made recession in 1981-82 where Fed Chairman, Paul Volker rose interest rates up to 20% to reduce runaway inflation and a robust economy and job market. Many of the 2.5 million temporary jobless workers were rehired once the central bank relented.
It is not 100% the same as what we have now, but a sample of how quickly the jobs can come back once the government reopens our economy. I remain optimistic that we will see a gradual return that will speed up very quickly and we’ll have a boom summer like we’ve never seen before. This is based on my expectation that the economy will begin to open in the first part of May.
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