Tom Ellsworth
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Appearances Over Time
Podcast Appearances
So go to the time where it was a legit 10.
Yeah, that was during the Great Recession.
And by the way, but why is that?
Because a no-income, no-asset loan that came in.
This is going to affect society more.
This is not going to be a drop like that, buddy.
No, this is an unsustainable.
You mean it's going to be a worse drop?
Yes.
So you're saying it can go to as much as 20%, I'm assuming.
Let me make my point.
I didn't say 20%.
What I am saying to you is the following.
Per percent of unemployment going up, how many jobs do we lose?
Rob, can you pull up per percent of unemployment?
Million jobs?
No, it's bigger than that.
Per percent of unemployment.
It could be a million jobs.
It's 150 million people that we have working.