June FOMC Outlook: Deepening Near-Term Economic Collapse, Protracted Recovery

Unlimited Money Creation and 0.00% to 0.25% Fed Funds Promised for Foreseeable Future

May 2020 Money Supply M1, M2 and M3 Annual Growth Rates Accelerated to Record Highs

Additional Explosive U.S. Government Deficit Spending and Debt Expansion Likely Follow

Early Inflation-Danger Signal: Monthly May Producer Price Inflation for Goods
Spiked at a Record Pace, Reflecting Shortage-Induced 44% Surge in Meat Prices

Fed Chairman Powell Confirmed Second-Quarter 2020 Real Gross Domestic Product
Likely Will Show Its Deepest Quarterly Contraction in History

ShadowStats Forecast for Second-Quarter 2020 Real GDP Contraction Remains
Order of Magnitude 50% (-50%) Annualized Quarter/Quarter, 16% (-16%) Year/Year

Third- and Fourth-Quarter GDP Could See Some Bottom Bouncing,
Depending on the Magnitude and Success of Reopening Efforts

Federal Reserve Board Members Forecast Fourth-Quarter 2020 Real GDP
Annual Decline of 6.5% (-6.5%), Worst in Modern Quarterly Reporting, Other
Than for Likely Deeper, Intervening Second- and Third-Quarter Annual Contractions