U.S. Economy Contracted at Record Rate Last Quarter; Jobless Claims Rise to 1.43 Million

[gab13by13]

6. Jerome Powell also said,

that central banks are ready and willing to bail out Wall Street with trillions more dollars which caused the market to go up.

I disagree that it will be right back up in 3 months, that is unless the books are cooked. Many small businesses are gone and aren't coming back in 3 months. Wait until sports is canceled in the US and schools can't reopen. Our economy is going to continue to decline until we conquer step #1 in beating the virus, more testing with same day results. If Republicans stiff workers in this latest relief bill people are going to end up homeless and hungry.

I don't even watch cable news money programs any more, it's all Kabuki theater. The stock market was artificially propped up by trillions of dollars from the Fed and central banks and interest rates can't be lowered any more unless we go negative. I just don't see that V recovery until the virus is restrained and remember, 3 months from now we will be in flu season.