As reported earlier Goldman Sachs updated its economic forecast earlier this week and we are looking at a man-made catastrophe!
The economic crash we are looking at is Biblical in proportions!
Advertisement - story continues below
The US unemployment rate will rise to 15% from 3% due to the current economic shutdown in place across the country.
A study by Goldman Sachs in the paper this morning suggests unemployment will be soar to 15% from about 3% this quarter. That means from 27 million minimum to 67 million maximum will lose their jobs in the next three months.
TRENDING: BREAKING: PRESIDENT TRUMP'S MAR-A-LAGO HOME RAIDED BY JOE BIDEN'S FBI -- BREAK INTO HIS SAFE!
This is a catastrophe! The pain, suffering and death will be immense from this man-made disaster!
According to this one study, at “1% increase in the annual unemployment rate, approximately 21 additional suicides per 100,000 of the population can be expected.” If that’s correct, each 1% increase in the unemployment rate in the U.S., with a 330 million population, will lead to 69,300 additional suicides.
Advertisement - story continues below
Based on the current predictions, those 12 percentage points could lead to an estimated 831,600 US suicides.
That’s more than quadruple the top-end estimates of the China Virus deaths.
The Gateway Pundit is moving back to Disqus! All of your account information and comment history has been saved and will be uploaded as quickly as possible to Disqus. If you do not already have a Disqus account, you will need to create one. Please use the same email address that you used for Insticator for your comment history to be carried over. We greatly appreciate your patience and continued support!