David Reavill

Is The Depression Bell Sounding?

Episode Summary

First thing this morning, an hour before markets open the Bureau of Economic Analysis will release their first estimate of the Second Quarters Gross Domestic Product. There's no question that this will be one of the worst, if not THEE worst economic measures since the end of the Great Depression over a Century ago. This will both drop 2020's yearly GDP number into negative territory, it will also mark two consecutive quarters of negative economic growth, the conventional measure of a recession.