Zero Hedge: Given the headline data from yesterday's GDP print, this should not be a total surprise but Americans' spending crashed in March. After adjusting for inflation, spending slumped 7.3%, also the most ever and underscoring data out Wednesday that showed the sharpest drop in consumer spending since 1980 during the first quarter. The report also showed nominal incomes dropped the most since January 2013. reflecting a 3.1% decrease in wages and salaries as a result of the pandemic...
