The Briefing Room
General Category => Economy/Business => Topic started by: corbe on July 25, 2022, 04:49:19 pm
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14 Signs That the U.S. Economy Is Poised to Crash Really Hard During the Second Half of 2022
The first half of 2022 has been horrible. Tens of millions of Americans are struggling. Many are barely making it. Some aren't making it at all. But it seems as if things are just going to get worse.
by Michael Snyder
July 24, 2022
It looks like we are going to get official confirmation that a recession has already begun when the GDP number for the second quarter comes out later this week. But that isn’t what we should be focusing on. Yes, things weren’t great during the first half of 2022, but they are going to be significantly worse during the second half. Small businesses are starting to fail all over the country, a housing crash of potentially epic proportions has started, layoffs are on the rise from coast to coast and economic activity is really slowing down all around us. So if you think that things are bad now, just wait, because they will soon be a whole lot more painful.
In recent days we have gotten more new numbers which seem to confirm that a major economic slowdown is upon us. The following are 14 signs that the U.S. economy is poised to crash really hard during the second half of 2022…
#1 One survey that was just released discovered that 35 percent of all small business owners in the U.S. “could not pay their rent in full or on time in June”.
#2 A different survey found that 51 percent of all small businesses owners in the U.S. believe that rising prices could “force them to close their businesses within the next six months”.
#3 It is being reported that 45 percent of all small businesses in the U.S. have already decided to freeze the hiring of new workers.
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https://noqreport.com/2022/07/24/14-signs-that-the-u-s-economy-is-poised-to-crash-really-hard-during-the-second-half-of-2022/ (https://noqreport.com/2022/07/24/14-signs-that-the-u-s-economy-is-poised-to-crash-really-hard-during-the-second-half-of-2022/)
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More gloom and doom.
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More gloom and doom.
Had to un-snipit No.6, because it gives you an idea of how badly that the vultures are circling.......
#6 Blackstone has prepared a war chest of 50 billion dollars so that it can scoop up depressed real estate all over the country after housing prices have crashed in the months ahead.
This is the stuff of the '30's. The one big intangible that precludes '30, '65, '73, '80, '87, '00,and '08 events is all of those did not have the dagger of hyperinflation weaving like a pendulum overhead.
That is why I have never been more bearish right now about our upcoming prospects!!!!!