U.S. Jobless Rate May Soar to 30%, Fed’s Bullard Says

[Guno צְבִי]

hoax rubes? eat dirt

Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product.


https://www.bloomberg.com/news/arti...rd-says-u-s-jobless-rate-may-soar-to-30-in-2q

 

[Guno צְבִי]

Stock futures tank at beginning of Trump press conference

U.S. stock futures fell sharply on Sunday evening, with the Dow Jones Industrial Average hitting its 5% "limit down" just four minutes after opening.


https://www.axios.com/stock-futures...nce-5dc698a3-8dfa-4269-8fd4-c3aadb40c49d.html

 

[jimmymccready]

I think a Greater Depression is very possible.