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Sadly, it appears we are entering a depression.
May 2nd, 2020 by Rob Smith, Jr.

https://www.economist.com/finance-and-economics/2020/05/02/why-the-unemployed-in-america-could-face-a-lost-decade

Economic numbers today are unfortunately piling out to indicate we are likely already entering a depression. The GDP and unemployment numbers are not worse than during the Great Depression. Thing is, these numbers will get worse as states are unwilling to reopen.

The Economist just released this with even graver views, yet are practical based on what is known. Just click below. Viewing the story is free and worth the effort.

Guys, get prepared. The country is unlikely to wake up from the “virus 19” hysteria until July or so. Then the real trouble starts as a far worse panic ensues.

I agree with The Economist that the country getting back strength will take years. They are figuring actual recovery 2026 to 2030.

Hang on. Our lives are about to become extremely challenging.


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