American Monetary Association 371: COVID-19 Economic Impact David Sussman, Valcor Worldwide
David Sussman, Founder and CEO of Valcor Worldwide joins Jason Hartman in discussing insights into what is going on with small-medium sized business, real estate, and the impact of COVID-19. David suggests that mainstream media has narrowed its focus on Coronavirus and the 2020 election; meanwhile, it hasn’t covered much to any of the potential economic tsunamis we face. Like lungs, our economy breathes in and out, and we are a few years late to our regularly scheduled recession.
Key Takeaways:
[2:45] The mainstream media can only focus on one or two top stories at a time, the pandemic, and the 2020 election. David predicts a possible economic tsunami headed our way, a story the media cannot currently focus on.
[6:10] Warehouses and industrial real estate spaces are increasing.
[8:45] 67% of employees in the country rely upon the 32 million small US businesses.
[13:00] Small retail is dying, especially in bluer states.
[16:45] What kind of financing is available to small businesses (2020)?
[19:00] What are merchant cash advances?
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