[this is terribly wrong: “It did contract by 32.9% in the second quarter (not in the four quarters ending in June 2020)”]

Edit: I assumed it was compared to the second quarter 2019, not sequentially to the first quarter 2020, I didn’t stop to think that 33% was just too much. 9% is bad enough: from $21.34 trillion to $19.41 trillion (Q2 2019 to Q2 2020).