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From: wilkste (Rep: 21) reply to CASHRICHFIELDDate: 03/17/2020 19:54
Forum: Dow Jones Industrial Average - Msg #5818Thread #674132376 (Rec: 0)
DOW futures -600 even knowing $TRILLION Stimulus coming wow...Re: Coronavirus outbreak could push unemployment up to 20% without action



Reply to CASHRICHFIELD - Msg #2824929 - 03/17/2020 19:42

Re: Coronavirus outbreak could push unemployment up to 20% without action

Twenty percent unemployment does not sound good at all. U.S. unemployment rose to 25% at its highest level during the Great Depression. That was roughly 15 million unemployed Americans back then.

....and

With a current population of 330,441,184 there would be close to 66.08 million unemployed in the United States. That would be an economic catastrophe!

Keep in mind that the U.S. unemployment rate didn't drop below 10% until after the country entered World War II in December of 1941. Now we certainly don’t want another WORLD WAR!!!!

CASH

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