Unheard Stories Of Economic Despair From America's Worst Economic Downturn Since The Great Depression
The economic pain that we are witnessing right now is far greater than anything that we witnessed during the last recession. U.S. GDP declined by 32.9 percent on an annualized basis last quarter, more than 100,000 businesses have permanently shut down since the COVID-19 pandemic first hit the United States, and more than 54 million Americans have filed new claims for unemployment benefits over the last 19 weeks. Up until just recently, a $600 weekly unemployment “supplement” and a federal moratorium that prevented many evictions had helped to ease the suffering for millions of American families, but both of those measures have now expired. ttps://www.zerohedge.com/personal-finance/unheard-stories-economic-despair-americas-worst-economic-downturn-great-depression
Who cares? Stock market making new highs!!!