Faith & Finance

Rob West

Coronavirus and Economic Realities with Jerry Bowyer

May 12, 2020
00:00 1:54

Analysts use three letters to describe what a bear market looks like on a line graph. But you don’t have to be a Wall Street pro to understand them. There’s the “V,” the “U,” and the dreaded “L.” So which letter describes the current market downturn as the coronavirus outbreak plays out? Is it too early to tell? MoneyWise host, Rob West, sits down with economist Jerry Bowyer to find that out and much more. Jerry is the chief economist at Vident Financial and today he’ll share his perspective on the market and economic trends we’re seeing now

•          According to Mr. Bowyer, what we’re dealing with now could remain for a little bit. We’re witnessing “a purging of the economy.” But we will ultimately recover—it just may not be as quickly as we got into the situation.

•          We’re not in a conventional recession—but this can be a good thing! And hard times test us.

•          We’re not an economy that runs on sporting events and movie theaters, though they make up a big part of our culture. So we can reopen a whole lot of the economy now with other things and take time, later, to open up the entertainment portion of our country (where people are indoors & packed together). We can have a whole lot of recovery without those things.

•          We’re facing even more unprecedented national debt now in light of the recent fiscal stimulus. We spent, borrowed, and printed our way through this crisis—and it worked! And the markets have generally responded favorably to that. But we built countless “bubbles” to get there. Mr. Bowyer is concerned about the mid- and long-term effect of this enormous debt.


On today’s program we also answer your questions:


•           What do you think about buying gold?

•           Should we buy a truck and travel trailer with the cash we have saved in order to better save for a house later?


Ask your questions at (800) 525-7000 or email them at Visit our website at where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

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About Faith & Finance

Faith & Finance is a daily radio ministry hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio program Faith & Finance heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


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