The Feds GDPNow plummets 10% in one day as the economy is collapsing much worse than previously expected. The collapse in spending helped to push the Feds real-time GDP Tracker to -51.2% for the second quarter which is the worst collapse in history. The feds previous projection was near -40 the day before and The Feds Bullard was warning His prediction id that US GDP will collapse by over 50%, That's so far as we digress the economic data continues to get worse but the GDPNow is a real-time tracker which compiles current economic data and is subject to change. What it really means is the economic collapse is much worse than anyone could've imagined. The Chicago PMI has also collapsed to an 11-year low lead primarily by a collapse in new orders and a decline in order backlogs and hiring for the manufacturing sector in the region. That was the good news. In a new survey conducted by a financial services company named Azlo nearly half of the small businesses think they will have to close their businesses permanently.