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Flash Commentary No. 1434
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May 3rd, 2020
• U.S. Economy Already Was in Trouble Before the Pandemic, Because of Intensifying Federal Reserve Policy Malfeasance and Federal Government Fiscal Malpractice
• The COVID-19 Pandemic Shutdown Has Overwritten that Developing Recession With an Economic Collapse and Surging Headline Unemployment That Will Rival the Great Depression in the Week Ahead and Anything Seen in Modern U.S. Economic History in the Months Ahead
• Initial First-Quarter 2020 GDP Quarterly Contraction of 4.78% (-4.78%) Was the Worst Since the Depths of the
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