April’s economic numbers reflect the damage caused by the shutdown of the economy thanks to the pandemic.
Retail sales advance dropped 16.4% from March, Industrial Production declined 11.2%
The St Louis Fed Economic News Index is showing -48.07. Let that sink in for a second.
Industrial production is down 11.2%, the largest decline in modern history.
But the stock market just shrugged off the news.
Yet we rely on government to save us … when the government shutdown at state levels is causing the economic Sodom and Gomorrah.