Deloitte United States Economic Survey Shows No Sign Of A V-shape And Warns Of Spending Collapse

• Silver Report Uncut
  A new economic survey from Deloitte reviews if there’s no v-shaped recovery in sight. it also disturbing me shows a potential collapse in spending in the medium-term that is unless there is direct Federal payments sent out to American consumers in the near term. We are already beginning to see a noticeable collapse in spending in the recent data that began right around the time the extra unemployment benefit payments stopped going out, many of the deferment programs that people have turned their mortgages over to are also coming to an end. They stated plainly their belief is it the shape of the recovery will take on more of a u shape as their expectation is that unemployment will remain stubbornly high for as long as decades and there will be economic scarring from this recession. The divergence between Wall Street and Main Street couldn’t possibly be any deeper, as the experience being felt by small business in America differs significantly from the experience of Corporations partaking in easy money trough. Deloitte said that they expect the economy will enjoy some respite in Q3 2020 however any growth will be moderate followed by declines in Q4 2020 so they believe the so-called recovery will actually begin to reverse for at least a couple quarters this is due to the double-digit unemployment rate.

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