In an interview with X22 Report Spotlight, a YouTube channel focused on economic news, Lior Gantz sits down to discuss the peak productivity and other problems rearing their heads in this economy. A recession is imminent, and since the United States is at their peak productivity with a tight labor market, the only option for companies to continue to profit will be to lay off workers.
Layoffs will start a spiral of defaults on debt payments which could trigger the next recession. No one knows just when this will occur, but it always unfolds in a similar manner.
Basically, after the initial wave of layoffs, unemployment will rise by a mere fraction of a percentage point, however, it’ll be enough to force other companies to layoff worker in order to keep up and stay competitive. This will see the government spend more money on unemployment.
“No matter what, a recession is coming. How severe it will get? Well, it matters how you manage it,” says Gantz. Be prepared, understand what’s coming, and diversify if you can.
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