See how much you can earn with CIT Bank*: *Minority Mindset is a partner with CIT Bank. If you use them, we will get compensated but there's no additional cost to you!
When will this recession end? Will it last another one month or three years? Well, it depends on a few factors and that's what we're going to discuss in this video.
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How Much Worse Can This Financial Crisis Get?
0:20 - How long the average bear market lasts
0:50 -How long will this 2020 recession last
1:20 - What is a recession - recession defined
1:50 - Are we in a recession right now
3:15 - Need to know how long it takes for people to start spending more again
3:51 - People don’t spend money when they don’t feel safe
4:14 - How to get the best return on your savings
5:30 - People won’t feel safe spending money unless they have jobs and right now we have record high unemployment
6:00 - Record high unemployment and what’s being done by the government and the fed to contain the spread of financial problems
7:00 - If we want the economy to open up and start growing, we need businesses to open up and start growing
9:00 - The last factor that will determine how long this recession will last is how we can contain the ripple effect
10:00 - What happens when someone gets laid off
10:55 - How to stop the economic recession from getting worse
11:10 - Why the economy is hurting
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Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.
DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.
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