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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.”

Liquidity moves markets!

Follow the money. Find the profits! 

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.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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