Global Unemployment

COMMENT: Dear Mr. Armstrong,

According to a survey done by an online HR/recruitment firm (link attached above), 1 in 5 of Malaysians lost their job due to MCO aka lockdown arising from the COVID.

This is a stark contrast from what mainstream media reports or official numbers. It looks like things are getting ugly when reality sets in.

Stay safe and stay healthy. God bless America!

S

REPLY: It appears that on average, the global unemployment rate is around 20% thanks to COVID-19. Certain places where they rely on tourism has reached 50%+. This is so profound. Governments in Europe are telling people to stay home for vacations and not travel to southern Europe. Americans have been terrorized by the media not to take cruises or travel by plane. This summer will only heighten the sovereign debt crisis as we head into August.