(Michael Synder) The housing market indicated that a crisis was coming in 2008. Is the same thing happening once again in 2018? For several years, the housing market has been one of the bright spots for the U.S. economy. Home prices, especially in the hottest markets on the East and West Coasts, had been soaring. But now that has completely changed, and home sellers are cutting prices at a pace that we have not seen since the last recession. In case you are wondering, this is definitely a major red flag for the economy. According to CNBC, home sellers are “slashing prices at the highest rate in at least eight years”…
the ECB
Hurricane Florence To Intensify “To Near Category 5 Strength” And There Are 12 Nuclear Power Reactors In The Carolinas
(Michael Synder) The latest forecast is projecting that Hurricane Florence will strengthen “to near category 5 strength” before it makes landfall in the Carolinas, and it is being called “a serious threat to lives and property”.
Major Currencies All Over The World Are In “Complete Meltdown” As The $63 Trillion EM Debt Bubble Implodes
(Michael Synder) The wait for the next global financial crisis is over. Major currencies all over the planet are in a “death spiral”, many global stock markets are crashing, and economic activity is beginning to decline at a stunning rate in quite a few nations. Over the past 16 years, the emerging market debt bubble has grown from 9 trillion dollars to 63 trillion dollars. Yes, you read that correctly.
Bankrupt America: Bankruptcy Soars As The Country Grapples With An Unprecedented Debt Problem
(Michael Snyder) America, you officially have a debt problem, and I am not just talking about the national debt. Consumer bankruptcies are surging, corporate debt has doubled since the last financial crisis, state and local government debt loads have never been higher, and the federal government has been adding more than a trillion dollars a year to the federal debt ever since Barack Obama entered the White House.
The Number Of Americans Living In Their Vehicles “Explodes” As The Middle Class Continues To Disappear
(Michael Snyder) If the U.S. economy is really doing so well, then why is homelessness rising so rapidly? As the gap between the rich and the poor continues to increase, the middle class is steadily eroding. In fact, I recently gave my readers 15 signs that the middle class in America is being systematically destroyed.
Now That Facebook, YouTube And Apple Have Come For Alex Jones, Now They Will Start Coming After The Rest Of Us
(Michael Synder) August 6th was one of darkest days in the history of the Internet. When I learned that Facebook, YouTube, Apple, Spotify, Pinterest and others had colluded to take down content from Alex Jones all on the same day, I knew exactly what was happening. They timed their attack so that it would hit the press at the beginning of the weekly news cycle on Monday so that their purge would have maximum societal impact.
Beware – The Last 7 Times The Yield Curve Inverted The U.S. Economy Was Hit By A Recession
(Michael Snyder) Seven times since the 1960s we have seen the yield curve invert, and in each of those seven instances an economic recession in the United States has followed. Will this time be any different? Today, the yield curve is the flattest that it has been in 11 years, and many analysts believe that we will see an inversion before the end of 2018.
Facebook Death Spiral: Tech Investors Start To Panic As Facebook’s Stock Price Plunges More Than 20 Percent
(Michael Snyder) Is this the beginning of the fall of Facebook? After announcing disappointing numbers for the second quarter on Wednesday, Facebook’s stock price plunged more than 20 percent in after-hours trading. If that decline holds on Thursday, it will be the biggest stock price drop in Facebook’s entire history.
The Trade War Is Already Having A Huge Impact On The U.S. Economy
(Michael Snyder) The trade war has barely just begun, and yet significant ripple effects are already being felt all across the U.S. economy. Once thriving businesses are on the verge of failure, workers are being laid off, and some sectors of the economy are witnessing enormous price hikes.
Ron Paul Warns That When The “Biggest Bubble In The History Of Mankind” Bursts It Could “Cut The Stock Market In Half”
(Michael Snyder) When this bubble finally bursts, will we witness the biggest stock market crash in U.S. history? “The bigger they come, the harder they fall” is a well used phrase, but I think that it is very appropriate in this case. From a low of 6,443.27 on March 6th, 2009, we have seen the Dow nearly quadruple in value since the last financial crisis.
Experts Warn Of Chaos For The U.S. Economy As China Declares That “The Biggest Trade War In Economic History” Has Begun
(Michael Snyder) Nothing is going to be the same after this. On Friday, the United States hit China with 34 billion dollars in tariffs, and China immediately responded with similar tariffs. If it stopped there, this trade war between the United States and China would not be catastrophic for the global economy.
Females Are Outperforming Males On Every Educational Level, And That Has Staggering Implications For The Future Of Our Society
(Michael Snyder) It is an uncomfortable truth that most educators simply do not want to talk about. Females are dramatically outperforming males on every educational level, and many are wondering what this means for our future.
$28,166: What It Costs To Provide Health Care For An American Family Of Four For One Year
(Michael Snyder) One of the primary reasons why the middle class in America is disappearing so rapidly is because of skyrocketing health care costs. Families all over the country are being absolutely crushed by extremely high health insurance premiums, ridiculously high deductibles and very large out-of-pocket expenses that were not anticipated.
The Truth About The Employment Numbers – Nearly 102 Million Working Age Americans Do Not Have A Job Right Now
(Michael Snyder) Don’t get too excited about the “good employment numbers” that you are hearing about from the mainstream media. The truth is that they actually aren’t very good at all.
15 Signs That The Middle Class In The United States Is Being Systematically Destroyed
(Michael Snyder) If your family is really struggling right now, you are far from alone. I have been publishing The Economic Collapse Blog for more than eight years, and all throughout that time I have seen the middle class in America get smaller and smaller and smaller.