Refinance

How Much Worse Can This Financial Crisis Get?





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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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43 comments

  1. Thank you for watching! If you enjoyed this video, you should watch – Banks Pay You Nothing, Here's Why: https://youtu.be/ASIW5NrYdYc

    Reply
  2. U know damn well the banks are NOT amongst those who may suffer loss.
    Other than that piece of misinformation, nice video.

    Reply
  3. This is SIMPLE…
    PEOPLE ARE GOING TO LOOSE THERE LIVELIHOODS IN TGE LONG TERM. EVEN WHRN THIS IS OVER…. SOME BUUSNESES WILL NOT BE ABLE TO RE OPEN. THERE WILL BE NO MONEY WITH THE OWNER TO RE OPEN…. I KNOW A FEW BUISNESS OWNERS PERSONALLY WHO WILL NOT LIKELY COME BACK.

    Reply
  4. TALK HERBAL REMEDIES!!!

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  5. You keep saying 3 years like thats the longest we could be at a downturn.
    Ive seen a couple of your videos, and 3 years seems to be your "long-term."
    I dont think its that simple.
    3 years is what im preparing for at a minimum.

    Reply
  6. N when your losing at a rate ofn14
    K by EOD what do you save? Lol

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  7. In a few days the ACTUAL crash. That bounce back was exactly like you said. We’re soooooo fucked if we get into it you know the answer. We’re FUCKED

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  8. Lol we haven’t even seen the crash yet. That was just BILL ACKMAN shorting the market. The actual crash and recession is yet to come.

    Reply
  9. Not a yo-yo at all, we're now seeing how many companies were drowning in dept & didn't have money for emergencies like this, they can't afford to pay their employees, a lot of bankruptcy will happen.

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  10. BELOW

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  11. This guy is good

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  12. BUY A GUN NOW

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  13. Look we all know that when “Shelter in place “ is over
    Everybody is not going back to work !
    Only the well connected and employee’s with no benefits and the lowest pay will be called back

    Reply
  14. Financial or 'viralcial'

    Reply
  15. You told Us about the Domino Collapse in Your Shopping Mall Video

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  16. Everyone, please read Andrew Yang's book: The War on Normal People.

    Reply
  17. Very nice video

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  18. If people knew how to wash their dirty asses it will take between another month and 6 months. Hopefully 2 months. It’s no coincidence that it’s raging in New York and Dallas, some of the dirtiest places in the country. Wash your f***ing hands.

    Reply
  19. Dear Sir , you give the fed. too much credit . We, you , me , and most aware people know that it is a criminal , self serving cabal !

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  20. Underrated Malcolm in the Middle quote

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  21. I’ve said this before and I will day it again…

    My bet is that millennials and Gen Z are going to ignore the stock market and 401ks going forward. This avoidance of purchases may possibly even permanently stunt the home buying and car purchases as well. Their behavior as group will mirror the behavior of my grandmother whom was a child during the Great Depression and a teenager during WWII.

    However, she could believe in the security provided by pensions and a more generous Social Security payout, at retirement age, none of which will be available to Millennials and Gen Z. Let’s note, some of these elders are still alive today, whom can tell others what it was like to have lived though the Depression, WWII rationing, Korean War propaganda, Cold War fear mongering and the Vietnam Wars distrust of government actions.

    To believe these younger cohorts will ever believe the fiscal reporting of governments, banks and the stock indexes is folly. Especially since they have access to people whom were alive the last time this happened and can explain exactly what not to do.

    Reply
  22. 1 year falls markets, next flat 2-3 years.
    And…

    Reply
  23. Hopefully anti Trump media outlets like CNN and MSNBC will be the first to go out of business because they arent doing anything to help out the situation. They keep running their mouths and make everything worse.

    Reply
  24. I'm gonna live like the old timers that survived the great depression did after it ended.

    Reply
  25. The Trickle Down Theory doesn't work

    Reply
  26. What do you use for your beard?

    Reply
  27. Jaspreet on behalf of everyone we appreciate your emotional intelligence and increasing the rate of content you are posting. The effort is not unnoticed and i hope you benefit as much as possible.

    Thankyou for sharing and not holding back on the knowledge you have. I thank God for you and pray blessings and favour follow you and your family.

    You and Mike Maloney are my favourite guys to watch on YT you are basically saying the same things but in your unique styles … would be nice if you made a playlist like ( Hidden secrets of money ) or something medium/long term for any new subscribers to immediately watch or that you can reference as your start point of financial education.

    Your knowledge even surpasses some courses i've seen on LinkedIn Learning & Udemy, that may be an avenue for your growth too.

    Regardless, genuinely thankyou, your value is increasing and increasing. Whatever you are going through you definitely have the character and wisdom to get through it. God bless !!!

    Reply
  28. in other words, its a waste of time waiting for the right answer

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  29. "Everything you need to know is in the link….BELOW!!!"👍😂🤣
    Can you emphasize below anymore!?!

    Reply
  30. 👍

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  31. I’m not usually one to comment on a man’s headwear. But WOW! That blue really looks so great. I love it. Of course, thank you for the wisdom, as always. I live in Iowa and we are lower down on the list of affected states, but man, it’s rough. I’m a bakery business that provides vegan baked goods to two restaurants in downtown Des Moines. All of this stuff really hurt the restaurant industry here about two weeks ago. My independent coffee shop(my main customer), had to shut their doors. I’m in the middle of building a house. I just hope I can afford to take on the mortgage after all of this mess.

    Reply
  32. I just wanna know what kind of beard conditioning you are using?🤩

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  33. I like your shirt Jaspreet……and your turban…..and your beard.

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  34. I’m getting 12.5% on my savings. What’s the interest rate on the institution you’re promoting?

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  35. Gotta love when he says “below” 😂

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  36. I work for walmart. this virus has gotten me alot of overtime at work

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  37. I know you’re not the type of person to buy something for a prop.. so what games did you play on Xbox back when you use to play? I imagine you’re way too busy to play video games now but just curious lol

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  38. Something something something, BALLOW!

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  39. Eye-catching hat.

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  40. As long as you don’t listen to these idiot billionaires that cry wolf and “sound the alarm bells” about imminent collapse, you’ll be good. They do this on purpose, because they know people will assume they know what they’re talking about and panic. Those who own stocks will panic sell blindly and the scum bags go behind your backs and as predicted per their gamble on you, buy up your stocks for pennies on the dollar, the stocks you once owned actually go up and they make a killing. I always buy in a bear market, none of this scares me, I’ll keep buying like I did in 2008, which paid off greatly, I suspect the same will happen eventually again. Regardless of the so called yo-yo market, there is money to be made and property to be bought at below market value. Save that stimulus check.

    Reply
  41. 10 million unemployed.This is just the begining.

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  42. Aaaaahhh "How spicy this recession "🤣🤣😂🤣👌🏿

    Reply
  43. I think people are going to think twice before they eat in a crowded restaurant.

    Reply

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