Skip to comments.12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here
Posted on 06/03/2017 4:46:23 AM PDT by blam
Since the election there has been this perception among the American public that the economy is improving, but that has not been the case at all. U.S. GDP growth for the first quarter was just revised up to 1.2 percent, but that is even lower than the average growth of just 1.33 percent that we saw over the previous ten years. But when you look even deeper into the numbers a much more alarming picture emerges. Commercial and industrial loan growth is declining, auto loan defaults are rising, bankruptcies are absolutely surging and we are on pace to break the all-time record for most store closings in a single year in the United States by more than 20 percent. All of these are points that I have covered before, but today I have 12 new facts to share with you. The following are 12 signs that the economic slowdown that the experts have been warning about is now here
#1 According to Challenger, the number of job cuts in May was 71 percent higher than it was in May 2016.
#2 We just witnessed the third worst drop in U.S. construction spending in the last six years.
#3 U.S. manufacturing PMI fell to an 8 month low in May.
#4 Financial stocks have lost all of their gains for the year, and some analysts are saying that this is a terrible sign.
#5 One new survey has found that 39 percent of all millionaires plan to avoid investing in the coming month. That is the highest that figure has been since December 2013.
#6 Jobless claims just shot up to a five week high of 248,000.
(Excerpt) Read more at theeconomiccollapseblog.com ...
Gloom, despair, and agony on end......
If it weren’t for bad luck, we’d have no luck at all
Ironic - for the first time in 9 or 10 years, I feel hopeful about the economy.
I believe it. Obamacare and other recent socialist regulatory interventions remain a wet blanket on the economy. We are essentially Europe until Trump and the Congress reverse the legislative damage of the past decade.
So I guess all those “Help Wanted” signs I see in my area are bogus.
Well, when you get your news from a blog called “The economic collapse,” you can’t expect it to be good, can you?
Blame the obstructionist GOPe legislators for deliberately stalling on major bills.
Trump just put Kathy griffin in charge of the family business, she promised to cut the overhead
One new survey has found that 39 percent of all millionaires plan to avoid investing in the coming month. That is the highest that figure has been since December 2013.
1)that 39% is prob all the libs? Wonder where the rest are going to invest.
2) but also, many people with cash are sitting on the sidelines. Been burned a lot lately, lots of trust in the system is lost.
that’s all about amazon
Here Trump has been in office only a few months and they blame any small dip in the economy on him. Let them prattle on. Just remember to call them on it in a about a year or so when the economy is roaring like the Reagan '80s.
Well, know the economy is really booming once the mediots start bleating about all the homeless they ignored over the past 8 years, like they did during Reagan's terms.
Oh wait, they already started. This is a clear signal to buy stock and open new businesses because it's Morning in MAGA.
Funny during the reign of the a@@clown we heard nothing but wonderful things about the economy
The US has 23.5 square feet of retail space per person, compared with 16.4 square feet in Canada and 11.1 square feet in Australia, the next two countries with the most retail space per capita, according to Morningstar Credit Ratings.
So the 158,000 number was given to us yesterday by the same people who gave us 0bama’s unexpected lying low numbers? So now they under report Trump’s? Fire these morons as they are part of deep state.
My IRA certainly isn’t being affected.
Meanwhile, surprise, surprise, the Bush syndicate property Robert Mueller is expanding his efforts to try to get the Trump team in any way possible:
Somehow it has been figured out that anyone within the justice dept can cancel out oversight by extending their probe up the chain of command (until they reach the president and then cry obstruction of justice).
Tech investments make no sense unless they lead to an increase in productivity. And we are simply in the midst of increasing productivity through the retail chain—less brick and mortar and more online sales.
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