The COVID-19 Pandemic has cratered the global economy.<br />U.S. consumers reduced spending by the most on record for the second straight month in April.<br />Reuters reports that savings is at an all-time high.<br />Economists anticipate the largest contraction in gross domestic product in the second quarter since the Great Depression of the 1930s.<br />The data this month has been dismal on the labor market, manufacturing production and homebuilding.<br />Consumer spending plunged 13.6% last month, the biggest drop since the government started tracking the series in 1959
