The Chicago Fed National Activity Index in the US slumped to a record low of -16.74 in April of 2020 from a downwardly revised -4.97 in March. Figures pointed to a record contraction in activity, due to the coronavirus pandemic, led by declines in production and employment-related indicators although all four broad categories of indicators used to construct the index made negative contributions in April, and all four categories decreased from March. The three-month moving average decreased to -7.22 in April from -1.69 in March, pointing to an increasing likelihood of a recession.

Poster Comment:

Contraction is coming. Tell those lockdown idiots that 3 million Americans starved to death in the 1930s. There were only 123 million people in the country in 1929.