This story was originally published here.
The first quarter (Q1) GDP numbers came out this morning, and they weren’t pretty.
The U.S. gross domestic product (GDP) dropped by 4.8% in Q1 on an annualized basis. That’s the worst that the U.S. has seen since the financial crisis in 2008. And yet, that’s nothing compared to what is coming…
The economic contraction didn’t really begin in earnest until the last two weeks of March. Up until then, the U.S. economy was stronger than ever. And if just two weeks of economic lockdown brings a 4.8% drop for Q1, we can imagine the impact in the second quarter (Q2).
Mohamed El-Erian, the chief economic advisor for Allianz, made a quick estimation on Q2 after seeing the results. He believes that the economic contraction in the U.S. could be as large as 40% in Q2.
I doubt it will be that bad, but I do believe that it will be the largest single-quarter economic contraction in the last century.
And what did the market do on the news? It rallied. Incredible… but for very different reasons.
Early data from Phase 3 clinical trials for Gilead’s remdesivir, which I’ve spoken about a few times on Glenn Beck’s radio and television programs, delivered positive results as a therapeutic approach to treating COVID-19.
We have a massive Q2 economic contraction to look forward to. It will be far worse than any of us have seen in our lifetimes. While a small number of companies are thriving through this crisis, like Amazon, most are getting crushed. We haven’t yet seen this reality in the stock market.
A small device that can unlock a $667.9 billion dollar market…
The most advanced technology known to man is about to go public — 5G.
What is the big deal with 5G?…?
You might think it’s 4G but a “little bit” faster… it’s actually a LOT faster… so fast in fact that it could change the world…
It will connect millions to billions of devices…. Doctors will able be to perform SURGERY from across the WORLD…
A world were your videos never buffer… where your calls never drop and lose signal….
This was all unveiled near Yale by the man who has been at the forefront of 5G… Jeff Brown… the most successful angel investor …
The same man that predicted Nvidia stock would skyrocket — now it’s worth $13.3 billion dollars.
He’s again revealed that 5G has just entered Phase two…
This is when 5G devices are made to handle the powerful 5G network… think smartphones laptops etc.
Verizon is expected to spend as much as $18 billion this year alone to complete its 5G network.
AT&T spent $700 million on 5G preparations…
And that’s just America… every country wants to be the FIRST country to have 5G…
However, they’re all missing one key piece that is absolutely essential to 5G…
What is this small piece and why are Apple, Samsung, and Huawei its biggest customers?