(Bloomberg) - '..Bullard predicted .. an unprecedented 50% drop in gross domestic product.'

'Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product.'

- Bloomberg, U.S. Jobless Rate May Soar to 30%, Fed’s Bullard Says, March 22, 2020



Context

(Banking Reform) - 'History’s greatest Bubble is nearing the end of the line..'

(Banking Reform)(Global Depression) - '..We must prepare for a much longer recession / depression now.' - Dr. Eric Feigl-Ding

The Very Real Prospect Of $5 Oil, March 20, 2020