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 Great Recession;
It Likely Will Deepen to About 7% (-7%) in Its Monthly Revisions

Second-Quarter 2020 GDP Remains on Track to Rival or Surpass the
Deepest Contraction in the Great Depression

Latest New Claims for Unemployment Insurance Indicate:
April 2020 U.3 Unemployment Around 21% - Worst Since Great Depression Depths
May 2020 U.3 Likely to Top 30% - Worst in Modern Economic History

Federal Reserve Will Hold Its Current Expansive Policies in Place, Including
Fed Funds at 0.00% to 0.25% and Unlimited Creation of Money and Liquidity,
For the Duration of the Pandemic Downturn

Money Supply Annual Growth Pushes to Record Highs
With Each New Weekly Report