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Well the news is out.

U.S. Economy Posts Sharpest Downturn on Record,  says the Wall Street Journal. “The U.S. economy contracted at a record 32.9% annual rate last quarter and weekly jobless claims rose to 1.43 million amid signs of a slowing recovery.”

By now of course, everybody knew something along these lines was coming.

At least I think they knew.

Or should have known.

We knew. Way back when.

June 14 – Wall Street Examiner – These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

June 16 – Wall Street Examiner –  Retail Sales Chart Reality and Rah Rah COVID 19 Superspreader Rallies

June 20-  Wall Street Examiner  – US Economy Is Collapsing In June, It’s The Virus, Mo Ron

June 20 –  Liquidity Trader – The Virus Is the Economy

“The current year to year decline in total Federal tax deposits is now running at -35%. That’s not a
recession. It’s a Depression with a capital D.”

Nailed it.

Get the news weeks before it’s news at Lee Adler’s Liquidity Trader. 90 day risk free trial.

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