{"id":49300,"date":"2019-10-30T17:29:58","date_gmt":"2019-10-30T22:29:58","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49300"},"modified":"2019-10-30T17:30:16","modified_gmt":"2019-10-30T22:30:16","slug":"the-boom-turns-into-a-bust-here-are-14-signs-that-the-u-s-economy-is-steadily-weakening","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49300","title":{"rendered":"The Boom Turns Into A Bust \u2013 Here are 14 Signs That The U.S. Economy Is Steadily Weakening"},"content":{"rendered":"\n

The Boom Turns Into A Bust \u2013 Here are 14 Signs That The U.S. Economy Is Steadily Weakening<\/a><\/h3>\n\n\n\n

There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don\u2019t realize what is happening because the major news networks are completely focused on the endless impeachment drama<\/a> that is currently playing out in Washington.  And without a doubt that is important, because it threatens to literally rip our entire nation in two.  But meanwhile, economic activity has taken a very ominous turn.  Hiring is slowing, consumer confidence is plunging, defaults on auto loans are rapidly escalating, the \u201ctransportation recession\u201d continues to get deeper and it appears that the housing bubble is popping.  Everywhere we turn, there are signs of economic trouble, and many are deeply concerned about what this will mean for us as we head into a pivotal election year in 2020.<\/p>\n\n\n\n

Not since the last recession have we seen numbers this bad.  The \u201cmini-boom\u201d that we witnessed for several years has now turned into a \u201cbust\u201d, and very tough times are ahead.<\/p>\n\n\n\n

The following are 14 signs that the U.S. economy is steadily weakening\u2026<\/p>\n\n\n\n

#1<\/strong> U.S. business hiring has fallen to a 7 year low<\/a>.<\/p>\n\n\n\n

#2<\/strong> Consumer confidence in the United States has now declined for 3 months in a row<\/a>.<\/p>\n\n\n\n

#3<\/strong> Defaults on \u201csubprime\u201d auto loans are happening at the fastest pace that we have seen since 2008<\/a>.<\/p>\n\n\n\n

#4<\/strong> The percentage of \u201csubprime\u201d auto loans that are at least 60 days delinquent is now higher<\/a> than it was at any point during the last recession.<\/p>\n\n\n\n

#5<\/strong> Vacancies at U.S. shopping malls have hit the highest level since the last recession<\/a>.<\/p>\n\n\n\n

#6<\/strong>\u00a0Destination Maternity has announced that they will be closing\u00a0183 stores<\/a>\u00a0as the worst year for store closings in U.S. history just continues to get worse.<\/p>\n\n\n\n

 \u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

The Boom Turns Into A Bust \u2013 Here are 14 Signs That The U.S. Economy Is Steadily Weakening There should no longer be any doubt that the U.S. economy is slowing down, but most Americans still don\u2019t realize what is happening because the major news networks are completely focused on the endless impeachment drama that is currently […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4901,7452],"class_list":["post-49300","post","type-post","status-publish","format-standard","hentry","category-economics","tag-michael-snyder","tag-the-economic-collapse-blog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49300"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49300\/revisions"}],"predecessor-version":[{"id":49301,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49300\/revisions\/49301"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}