4.4 • 823 Ratings
🗓️ 21 April 2020
⏱️ 31 minutes
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Dann Albright from The Ascent joins us to share the many places you can receive or give financial relief during the coronavirus crisis. Learn more at mot.ly/covidhelp
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0:00.0 | This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp. |
0:07.8 | He's a personal finance expert here at the Motley Fool. Hello, Robert. How are you? |
0:11.7 | Just groovy. How are you? |
0:13.3 | I'm good. In this week's episode, we're joined by the Ascent's Dan Albright. He's going to talk to us about sources of financial assistance should you need it and what you |
0:21.8 | can do if you want to help others. All that and more on this week's episode of Mollyful answers. |
0:27.9 | So, bro, what's up? Well, as we've taken to doing since this pandemic started, I don't know what we're |
0:36.0 | calling it. I've heard pandemic a couple times. |
0:39.8 | Pandemic is, yeah, yeah, okay. Well, I ask that because I'm going to bring up some stats from |
0:45.4 | the Financial Times later on. They're calling this the Great Lockdown. And I was thinking at some |
0:51.2 | point in the future, we're going to have some term for this period. |
0:54.8 | And I was thinking a couple of ideas with maybe the virus crisis or the corona crash. |
1:00.3 | I don't know what, at some point though, some term will emerge as the common term we use. |
1:05.6 | But only just for what's going on in the markets? |
1:07.6 | Or do you feel what's going on in this whole? |
1:09.3 | No, historically. |
1:10.2 | The way we use the term, or do you feel what's going on in this? No, historically, like the way we use the term great depression.com bubble, at some point |
1:15.2 | there will be some term that we all use to talk about this when we talk about it in the future. |
1:20.1 | I don't think that term has emerged yet. I actually looked into when to the Great Depression |
1:23.8 | first was used. It was actually Herbert Hoover who came up with the idea who was president |
1:28.4 | in the beginning stages because he thought depression wasn't so bad as crash, but nowadays, |
1:34.8 | I don't think anyone feels that way. Anyways, here we are. Let's summarize what has happened. |
1:40.3 | So the economy still starts going down and the markets still keep going up. |
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