America’s Once And Former Energizer Bunny Of Consumption Spending: R.I.P.

And we’re there! Lockdown Nation has now reached the 100-year flood stage.That is, the 11.2% month-over-month plunge in industrial production during April was the steepest drop since, well, 1919! In fact, it bested every other dark night of American economic history during the past century including the— -4.4% decline during September 2008, the worst month […]
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