U.S. economy craters annualized 32.9% in Q2, 1.4 million Americans file for jobless benefits

What an interesting day for the United States economy on Thursday. In fact, it was a no good, horrible, rotten, terrible day.

Well, unless you own shares in Kodak. Hello Robinhooders?

Here is what has happened so far:

• The United States has officially entered a recession with two straight quarters of economic contraction.
• The U.S. economy contracted at an annualized 32.9 percent in the second quarter.
• The number of Americans filing for first-time unemployment benefits came topped 1.434 million.
• The stock market is deep in the red, except the Nasdaq Composite Index. Even gold and silver are down on Thursday.
• The U.S. Dollar Index, which gauges the greenback against a basket of currencies, fell 0.32% to a little more than 93.00.

Come on, Jerome Powell. Crank up the printing press!