Glad you're with us here on the Clark Howard Show where we continue to provide you the latest

up to the date information for your wallet as it's being affected so much by coronavirus.

And I want to tell you our folks at Clark.com and ClarkDeals.com also working night and

day to give you information so you can stretch every dollar right now. Coming up later, I'm going

to fill you in on the latest rescue for the economy announced by the Federal Reserve

bigger than the three prior packages passed by Congress. Federal Reserve is going in big time

to make sure the economy doesn't go into the deep freeze. And I want to tell you the

the thing that probably led to such a dramatic action today by the Federal Reserve which I'll

describe the elements of later is the unemployment numbers that are a trailing indicator

now at 17 percent. I'm sorry 17 million people forget percent 17 million people in three weeks

have filed for unemployment. The number is going higher. We're going into levels that are

roughly equivalent to the Great Depression in the 1930s. That has terrified

economists and bankers at the Federal Reserve. And the reason is the worry is so great

that the economy if it goes straight down doesn't have an easy way out. Economists talk about

these, use, and else. And I want to explain to you why it's so important that assistance getting

people's hands as quickly as possible. So a V is when an economy falls off a cliff like we

have. And then as soon as the cloud clears comes right back to life where it was. Well I'm going

to talk tomorrow about what has to happen on the medical side and procedurally for us to have

a better recovery. But we're not going to have a V. If we do things right we'll have what economists

call a U. A U is when the economy declines quickly and then kind of levels off like the bottom

of a roller coaster doesn't start climbing to the top of the roller coaster again just as quickly

like a V would. But you know how you go down a roller coaster from the top part and then it'll

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