(Joe Hoft) The economic numbers for the Biden economy are coming and they are terrible.
recession
Shocking Consumer Credit Numbers: Everyone Is Maxing Out Their Credit Card Ahead Of The Recession
(Activist Post) While it is traditionally viewed as a B-grade indicator, the March consumer credit report from the Federal Reserve was an absolute shocker and confirmed what we have been saying for months: any excess savings accumulated by the US middle class are long gone, and in their place Americans have unleashed a credit-card fueled spending spree.
BIDEN ECONOMY: US GDP “Unexpectedly” Declines by 1.4% in First Quarter – Biden Manufactured Recession Is on its Way
(Joe Hoft) We’ve been warning for months that the US was falling into a recession under Biden. Today even Biden’s government reporting shows it.
The Economic Depression Of 2020: Many Of The Restaurants, Bars And Retailers That Have Closed Will Never Open Again
(Michael Snyder) It appears that we are heading into the worst economic downturn of the post-World War II era, and that is going to be true no matter how this coronavirus pandemic ultimately plays out. There are some that believe that this virus will only kill thousands, and there are others that are warning that it could kill millions, but everyone can agree that this outbreak is causing an unprecedented amount of fear.
COVID-19 Is Forcing The World To Re-Think The Idea Of “Monetary Value”
(Matthew Ehret) Western society has long been gripped by a deep seeded belief in money. Trillions of dollars of bank notes tied to ever-growing mountains of un-payable national debts has taken on a life of its own over the years. As the post-1971 years rolled by, society increasingly lost a sense that this human invention called “money” was created to serve humanity rather than rule it, and with that lost sense, money became an idol of worship.
“Unprecedented Decline” – The Collapse In World Trade Is A Once In A Generation Shock
(Zero Hedge) COVID-19 is expected to produce a global recession depression as nearly all of the world’s major economies have ground to a halt between February and March, expected to continue through April.
The Boom Turns Into A Bust – Here Are 14 Signs That The US. Economy Is Steadily Weakening
(Michael Snyder) There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don’t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently playing out in Washington.
2 Letters; $20 Billion Lost
(Adventures in Capitalism) Over the past few months, we’ve learned a lot about the psyche of the typical Ponzi Sector investor.
“This Is The Worse I’ve Seen It” – Recession Imminent As RV Industry Crashes
(Zero Hedge) To elaborate more on our July report titled “Trade War Chaos: Trump’s Tariffs Crash American RV Industry,” it seems the RV industry continues to flash a recessionary warning light.