While we don’t know the exact date that the recession will officially hit us nor do we know when the mainstream media will report the actual facts about the condition of the United States economy, we do know its decline is imminent. New data has come out that...
A new report has said that the real United States national debt could be well over what politicians tell us it is. At a whopping $400 trillion, the U.S. debt would be 2,000% of GDP (gross domestic product) according to new calculations that include the federal...
The markets are expecting the Federal Reserve to cut interest rates again at their September 17 -18 policy meeting. “The economy is in a good place, but not without risk and uncertainty,” said New York Fed President John Williams in a speech Wednesday. “Our role is to...
President Donald Trump has tweeted his support for zero or lower interest rates in the wake of a massive and crippling national debt. Not only is that a raw deal for those Americans who have saved up for an emergency, but it’ll help little in the face of the...
This article was originally published by Michael Snyder at The Economic Collapse Blog. We haven’t seen survey results like this since just before the last recession. Right now, 60 percent of Americans believe that a recession is “very or somewhat likely in the next...
Signs that the job market is slowing have been piling up this week. One of the “brightest” and most touted pieces of the American economy is showing cracks, and many are taking notice. It took a little time, but United States businesses have warned over...