Fed Estimates Economy Will Fall 43%! Why S&P 500 Stock Index VERY Different After 2020

The economy is in free fall. It’s not a possibility. It’s already happening. The market is flooded with easy money so we have seen it drastically rise. What’s interesting is that this is a horrible scenario for around 50 million Americans today, and just look around the world, basically the same situation. This is very bad news… But I guess I’m too pessimistic. Just ignore the economy and focus on the stock market, get my Robinhood account (Probably can’t even login because it’s down every time the market is moving up or down), buy whatever everyone else is buying and wait for my company to bring me back on board at a 30% pay cut…This is fine.

Using the official numbers, we can confirm that we are in a state that is worse than the 1930’s. This goes for many countries around the world. It happened suddenly, and it has impacted most industries. The GDP is heading further and further into the floor, central banks are desperately intervening, and stimulus has been like a firehose out of control. But liquidity cannot fix any issue. It’s already written in stone.

GDPNow – Federal Reserve Bank of Atlanta

www.frbatlanta.org/cqer/research/gdpnow

Nowcasting Report – FEDERAL RESERVE BANK of NEW YORK

www.newyorkfed.org/research/policy/nowcast

Powell says GDP could drop 30%, but he doesn’t see another Depression

www.cnbc.com/2020/05/17/powell-says-jobless-rate-could-top-30percent-but-he-doesnt-see-another-depression.html

Powell says a full economic recovery may not happen without a vaccine

www.cnbc.com/2020/05/17/powell-says-a-full-economic-recovery-may-not-happen-without-a-vaccine.html

Powell says GDP could drop 30%, but he doesn’t see another Depression

www.cnbc.com/2020/05/17/powell-says-jobless-rate-could-top-30percent-but-he-doesnt-see-another-depression.html

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Drastic makeover looms for world’s most followed stock index – BNN Bloomberg