“The damage to the household sector is so severe that it is going to impair living standards for most of the decade.”

“The damage to the household sector is so severe that it is going to impair living standards for most of the decade.” t.co/KTsHgIMFuZ

— Lisa Abramowicz (@lisaabramowicz1) April 27, 2020

#recession … US #Manufacturing edition#GFC2 has had no problems surpassing the record low points of the original #GFC in 2008-09… 📉 t.co/TdzMk9HNL8

— Invariant Perspective (@InvariantPersp1) April 27, 2020

General Business Activity in Texas pic.twitter.com/AofrzELwp2

— Market Musings (@AndysCycles) April 27, 2020

GDP it’s going to be the biggest negative number that we’ve seen since the Great Depression,” says Kevin Hassett, Senior Advisor to the President.

BANK OF AMERICA CEO SAYS ECONOMY WON’T FULLY REBOUND FROM CORONAVIRUS FALLOUT UNTIL ‘LATE NEXT YEAR