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Valuetainment

Episode 494: 10 Industries Crushed By Coronavirus

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 17 July 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

Episode 494: 10 Industries Crushed By Coronavirus by Patrick Bet-David --- Support this podcast: https://podcasters.spotify.com/pod/show/valuetainment/support

Transcript

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0:00.0

30 seconds.

0:02.0

Did you ever think you were made?

0:04.0

I feel I'm supposed like it takes sweet victory.

0:08.0

I know this life meant for me.

0:10.0

Yeah, why would you bet on Goliath when we got bet David? Valutainment, given values

0:15.8

is contagious. This world of entrepreneurs, we get no value to hate us.

0:19.1

How they run, homie, look what I become. I'm the one.

0:22.4

I'm the one. I'm the one. I'm the host a host of item and today we're going to talk about 10 industries crushed by coronavirus.

0:28.0

But before I go into that, I want to give you some good news. Check this out.

0:31.0

According to the NBC, US savings rate hits record 33% as

0:37.3

coronavirus causes Americans to stockpile cash and curb spending. Look what Bank of America

0:41.4

says here at the bottom. Bank of America which touches half Americans households

0:48.0

so checking accounts have 30 to 40 percent more money in them compared to 12 weeks ago, CEO, etc, etc.

0:54.1

Okay, so now let me give you another data here to look at when it comes on to

0:57.3

savings. Watch this. You'll be blown away by this. This is the savings rate

1:01.8

since 1960.

1:03.0

America on average we were saving 10%.

1:06.0

Then we went up to somewhere around 17.5% in 1978.

1:10.0

Then it went down and down and down and our habits didn't get too good in about 30 40 years

1:15.9

We were saving somewhere around 5% and hit a low of 2.5% in 2006 2007 and then look, boom, 33%.

1:24.7

So now what does this tell you?

1:26.6

It tells you we used to be savers.

...

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