The 'Great Recession' was bad. The 'Great Lockdown' is even worse. Our worst since the 'Great Depression.'
...some think it could even be worse than that.
This is a long-term shift that's been years in the making.
Contrary to popular opinion, however, this 'Great Lockdown' (or whatever you want to call it) has pushed our economy to the brink, but it's not the underlying cause of our issues.
I predicted this three years ago when I released The Lighthouse Method™. I even got the timeline right: early 2020.
But I didn't see the coronavirus coming.
Who could have?
But the indicators have been there for a while, if one would only have looked at them. Trillions of dollars in fiat currency pumped into the economy, massively over-inflating a bubble that dwarfed the real estate bubble 10 years ago.
It was just waiting for something, anything, to puncture the thin skin stretched over this economic bubble.
What we got was a nuclear missile launched right up our damn 'keisters.'
I'm not going to bore you with the numbers here because things are moving so fast, that by the time you read this, those numbers will be out of date within a matter of days.
Suffice it to say that millions have hit the jobless ranks in a massive tsunami of unemployment filings, and while we're seeing some recovery already, just know that the economy is fluid and is quite literally changing from week-to-week and day-to-day.
...and there are signs of life. The Dow Jones has come roaring back, many of those who have been furloughed are starting to come back to work, but remember:
Trillions are being injected into this economy at an alarming rate, and is a product of short-term panic thinking that has gotten us into this mess in the first place.
...and for those of you who are paying attention, we have a looming housing crisis that makes 2008 look like a walk-in-the-park by comparison.
(almost full third of Americans have missed their housing payments)
But remember...the coronavirus was the catalyst, NOT the cause.