A lot of the “experts” have been telling us that economic conditions are likely to really start deteriorating later in the year, but here we are in June and the economy is beginning to unravel a lot quicker than most of them had anticipated. The housing bubble is imploding, existing home sales are plunging all over the nation, foreclosures are surging, manufacturing numbers have fallen into contraction territory and jobless claims are rising. We are building up a tremendous amount of momentum in the wrong direction, and just about everyone agrees that the outlook for the remainder of 2023 is not promising. So if things are this bad now, what will they look like in six months?
For a long time, the U.S. economy was “remarkably resilient”, but now things have started to change in a major way.
The following are 11 signs that our economic problems are accelerating a lot […]
Excerpt Sourced From: economiccollapse.substack.com
