17 Signs That America’s Long Economic Slide Threatens To Become An Economic Avalanche
The U.S. economy has been sliding the wrong direction for a very long time, and now our economic momentum in the wrong direction is accelerating. Retail sales are slowing down, the housing market is in a depressed state, mass layoffs are happening all over the nation, stores are closing at a staggering pace, the cost of living has become extremely painful, and debt levels have soared to unprecedented heights.
Four years of deteriorating economic conditions have brought us to a breaking point, and now we are witnessing quite a bit of shaking in the financial markets. Even though many in the mainstream media are still trying to deny it, the truth is that we are in an enormous amount of trouble. The following are 17 signs that America’s long economic slide threatens to become an economic avalanche…
#1 The Conference Board’s index of consumer confidence just experienced the largest drop that we have seen since August 2021…
Consumers grew more pessimistic about the economic outlook in February as worries brewed about a slowing economy and rising inflation, the Conference Board reported Tuesday.
The board’s Consumer Confidence Index slipped to 98.3 for the month, down 7 points and below the Dow Jones forecast for 102.3. This was the lowest reading since June 2024 and the largest monthly drop since August 2021.
#2 The University of Michigan’s consumer sentiment index just fell to the lowest level that we have seen since November 2023…
#3 Retail sales in the United States just fell “by the most in nearly two years”…
Shares of Walmart Inc. were hit hard Thursday after the retail behemoth provided a disappointing earnings outlook, including a warning for the first year-over-year decline in quarterly profit in three years.
#5 Last month, sales of previously-owned homes dropped 4.9 percent…
The U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, elevated prices and limited supply of listings.
Sales of previously owned homes fell 4.9% in January from the prior month to 4.08 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Analysts were expecting a 2.6% decline.
#6 The cost of living is absolutely crushing most Americans. At this stage, almost 70 percent of all single adults “struggle to afford their regular rent or mortgage payments”…
Nearly 70% of single, divorced or separated people struggle to afford their regular rent or mortgage payments, compared to just over half (52%) of married people, according to a recent Redfin-commissioned survey. More than three-quarters (76%) of respondents who live with their partner but aren’t married struggle with housing payments, making them the group most likely to struggle.
#12 So many federal workers are being fired that initial claims for unemployment benefits in Washington D.C. went up by 36 percent in just one week…
#15 Overall, Coresight Research is projecting that an all-time record 15,000 stores will be permanently closed in the United States in 2025.
#16 Household debt in the United States has now crossed the 18 trillion dollar mark…
#17 More than 26 trillion dollars has been added to the U.S. national debt since the start of 2009, and now we are shelling out more than a trillion dollars a year just in interest payments…
The German central bank has reported the largest financial loss since its establishment in 1957, attributing the record $20 billion deficit to soaring interest rates in the EU.
The development comes as the EU’s top economy suffers from a stubborn downturn. In 2024, the German economy contracted for a second straight year for the first time in more than two decades.
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