March 23, 2020 – One month ago the stock market was at record levels and the US economy was boasting the lowest unemployment levels in history. Fast forward to today and economists are now warning of 20-30% unemployment, GDP contracting by 20-30%, and 1 out of every 3 Americans shut in at home. In today's Financial Sense Newshour, we are going to discuss how the Fed and the US government are now doing everything they can to prevent the US economy from slipping into a deep recession.
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