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The Clark Howard Podcast

3.20.20 Places handling coronavirus threat well, quarantine leading to more economic difficulties; Mortgage market update

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.65.2K Ratings

🗓️ 20 March 2020

⏱️ 43 minutes

🧾️ Download transcript

Summary

Clark talks about how Taiwan is handling Covid 19. There's a lot of uncertainty right now and economic difficulties are increasing in light of the stricter quarantine situations. Clark talks about how the mortgage market has changed in recent days. Rates have actually swung UP a good bit - but they won't stay up for long. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi, here itch it's here and I'm here to tell you all about Gardina. As someone who is passionate

0:06.5

about gardening and growing my own food, it is so important that I have reliable quality

0:11.8

tools by my side. Whether you're pruning, sewing seeds or watering your outdoor space,

0:18.0

Gardina has everything you need to keep your garden blooming. Gardina is a brand that

0:22.6

keeps passionate gardeners in the heart of everything they do. To find out more, head to

0:27.8

Gardina.com-flash-uk.

0:35.8

It's my pleasure to have you join us on our continuing special editions of the Car Howard

0:41.3

Show as we talk about the economic impacts of coronavirus and the decisions that each of us

0:49.4

have to make to keep our own financial houses and order. And this has been really pounding

0:57.2

on us for most of America only for about 12 days that the focus suddenly went from our

1:05.9

normal daily routines to coronavirus first last and always. And the impacts are coming

1:13.5

from so many different directions and the economy is shutting down quicker in so many

1:22.7

phases than I have ever seen in my life. There's no precedent in my lifetime for seeing an

1:31.4

economy shut down other than in a snow emergency or you know some kind of weather emergency. But those

1:40.6

are very limited in duration. Right now we have city after city and state after state basically going

1:48.6

into hibernation without any clear plan how long that hibernation lasts and what comes next. So I

1:57.6

wanted to talk about that in a more general sense which I've not done in a week. And I want you

2:06.2

to think about this. We cannot have an economy that goes and do shut down in major portions of it.

2:18.6

For a lengthy period of months without plunging our economy into a really extreme economic

2:29.3

hardship for so many of our fellow Americans. And so I want to go back full circle to the health

2:37.8

side of this. And I want to tell you a story about Taiwan. Taiwan that got hit much earlier than

2:47.1

we have been hit by a steady increase in cases of coronavirus. Taiwan used a system they were taught

...

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