Pandemic-Driven Unemployment Soared to an April 2020 Peak of About 32%, Worse Than in the Great Depression Such Was Against a January 2020 Pre-Pandemic U.3 Unemployment Rate of 3.5%.Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary Underlying Fundamentals Remain Extremely Strong for Gold and Silver, and Weak for the U.S.Surging Monetary Base, Reserves and Currency Indicate Intensifying Systemic Problems.That Is Because the Current Collapse Is Pandemic, Not Business-Cycle Driven Surging Money Growth in a Non-Business-Cycle Collapse Can Trigger Hyperinflation.Fed Chair Powell Noted That Surging Money Supply No Longer Boosts the Economy.Expanded Federal Reserve Accommodation Remains Likely Well Into 2023, Given the Increasingly Negative Outlook for Imminent U.S.ShadowStats Defined "Basic M1" - Combined Currency and Demand Deposits - Still Reflects the Extraordinary Liquidity Flight to, and Surge in the Narrower Money Supply.This Masked Accelerating Flight-to-Liquidity in Traditional M1 from Non-M1 Components of M2.The Federal Reserve Overhauled Its Money Supply Reporting, Redefining Traditional M1 from 34.8% to 93.4% of a Not-Redefined Total M2.Beyond Year One, Multi-Year, Crisis-Driven Collapses Need to Be Assessed Against Pre-Crisis Levels, or Stacked Two-Year Change, As Well As Year-to-Year Change.Annual-Change Gyrations Are Just Beginning for Economic, Inflation, Money Supply and Financial Return Numbers, as the Pandemic-Driven Collapse Passes It First Anniversary.Monthly Annual and Post-Pandemic Payroll Declines Have Stabilized Around Minus Six-to-Seven Percent for the Last Eight Month, Weakest Showing Since 1946.Intractable and Deteriorating Conditions Still Signal No Imminent Economic Recovery, Irrespective of Some Bounces in March Activity Against Weather-Driven February Collapses.Evolving Circumstances Remain Extremely Strong for Gold and Silver, and Weak for the U.S.Chances Are Reduced for Moderating Extreme Monetary and Fiscal Policies.Negative Implications Here for the July 29th GDP Benchmarking.Economic Recovery Is Not as Close as Hyped by the Consensus Outlook.April 2020 Pandemic/Economic Trough Revised Lower by 5.1% (-5.1%).Manufacturing Sector Has Never Recovered Pre-Great Recession Peak Levels.New Numbers Show Production Peaked in August 2018 and Entered Protracted Decline, February 2020 Pre-Pandemic Peak Was 1.11% (-1.11%) Below the Pre-Great Recession Peak.Old Numbers Showed Production Peaked in December 2018 and Flattened Out, February 2020 Pre-Pandemic Peak Was 3.75% Higher Than the Pre-Great Recession Peak.New Numbers Indicate the Economy Was in a Deepening Recession, Well Before the Pandemic Shutdown and Collapse.Benchmarked Industrial Production Revised Sharply Lower Both Manufacturing and Mining Were Hit Hard.
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