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RWIU - Social And Economic Consequences Emanating From The Coronavirus
Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
By J. Patrick Bradley
Introduction
There's nothing prophetic about saying the coronavirus will change the way we live and conduct business. Unemployment will rise, and some of that increase will create permanent joblessness. Some businesses will fail, despite the efforts of monetary authorities and governments to replace the income lost and to stem the spread of the virus. We have to wonder whether or not governments will come under pressure from citizens straining under the lockdown, who have lost jobs, and have found it increasingly difficult to feed their families.