4.4 • 823 Ratings
🗓️ 24 March 2020
⏱️ 39 minutes
🧾️ Download transcript
We’re all reeling from the financial fallout of the covid-19 outbreak and facing the likely threat of a recession. Bro explains what that means and offers his best advice on how to get your financial life in order and tap into emergency sources of money.
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0:00.0 | This episode of Motleyful Answers is brought to you by Indeed. |
0:06.8 | This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Robert |
0:11.3 | Broke Open the Piggy Bank, personal finance expert here at the Motley Fool. Hey, bro. |
0:16.1 | Hello, Allison. Well, this week's episode, we're going to wallow in some depressing |
0:20.1 | labor and market |
0:21.0 | statistics before offering you advice on how to cut costs and where you can go for sources |
0:25.4 | of income when your emergency fund runs out. All that and more on this week's episode of Motleyful |
0:30.5 | answers. So, Allison, what's up? Literally nothing, bro. Nothing is up. Yes, it's time once again to talk about |
0:41.0 | the week that was. And just so you guys know, we're coming to you from our houses. So, |
0:47.7 | Rick's in his house, bro's in his house, I'm in my house. Hopefully it sounds okay. If not, |
0:53.8 | you can have your money back. I't know that's right okay all right well |
0:57.2 | let's first take a look at market volatility and we're coming to you uh today it is friday the |
1:03.9 | friday before your uh tuesday that this airs just so you know so everything again disclaimer could be |
1:09.6 | totally different in the future where you are, listener. |
1:12.6 | But yeah, wow, market volatility has really been the story here. |
1:15.9 | We're up one day. |
1:16.7 | We're down the next. |
1:17.6 | We're up. |
1:18.1 | We're down. |
1:18.7 | It's just a roller coaster ride. |
1:20.7 | In fact, it turns out that the VIX, which is basically a measure of volatility. |
1:26.0 | And what is it called the fear. It's sometimes called the |
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