Today Danielle DiMartino Booth gave an incredibly powerful interview covering everything from buying the dip in gold to warning the coming collapse may be worse than what we saw in 2008-2009 as phase 2 of the layoffs are now hitting high income earners.
September 26 (King World News) – Danielle DiMartino Booth: The Fact is that the top 2% of earners in America account for a great deal of spending, and we are a consumption driven economy. So if the most educated people perceive that it’s unsafe for them to leave their houses and resume consuming, as they have before, then reopening an economy is not going to generate as much productivity or output as it would otherwise. And that’s exactly what we’ve seen.
BUCKLE UP: Phase 2 Of Layoffs Hitting High Income Earners
And now we have gone from phase one to phase two of layoffs. The initial layoffs were people who were directly affected by COVID — mostly lower income workers in hospitality, restaurants, travel and tourism. But now we are seeing law firms, financial services and consultants. We’re seeing layoffs go up the income ladder to white collar jobs…this incredibly powerful audio interview with Danielle DiMartino Booth is a must listen for anyone who wants to understand the big picture as she covers everything from the need for investors to aggressively buy the current dip in gold prices to the stock market hitting the biggest bubble level in history and much more. To listen to this incredibly powerful interview click here or on the image below.
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