It was the best of times, it was the worst of times. April closed as the best month for the US stock market since the V-shaped recovery that followed the Black Monday stock market crash of 1987. April also delivered the deepest, broadest economic collapse of any month in history.
Archive for May, 2020
Fiercest Economic Collapse in History is Best Month for Stock Market
Posted May 1, 2020 By David HaggithGDP Screams U.S. Recession Has Begun, but ‘Real GDP’ Is Far More Terrifying
Posted May 1, 2020 By David HaggithU.S. first-quarter GDP plunged profoundly negative, but real GDP would have crashed even harder if not for bogus BEA data revisions. According to the Bureau of Economic Analysis (BEA), the U.S. economy contracted 4.8% annually in the March quarter. Stocks soared on the news for two apparent reasons. First, many media outlets immediately reported the number as +4.8% […]