{"id":49702,"date":"2019-11-18T16:56:14","date_gmt":"2019-11-18T21:56:14","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49702"},"modified":"2019-11-18T16:56:17","modified_gmt":"2019-11-18T21:56:17","slug":"brace-for-impact-the-u-s-economy-is-going-down-and-it-is-going-down-hard","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49702","title":{"rendered":"Brace For Impact! The U.S. Economy Is Going Down, And It Is Going Down Hard\u2026"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"http:\/\/themostimportantnews.com\/archives\/brace-for-impact-the-u-s-economy-is-going-down-and-it-is-going-down-hard\">Brace For Impact! The U.S. Economy Is Going Down, And It Is Going Down Hard\u2026<\/a><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"http:\/\/themostimportantnews.com\/archives\/brace-for-impact-the-u-s-economy-is-going-down-and-it-is-going-down-hard\/crash-landing-public-domain\"><img decoding=\"async\" src=\"http:\/\/themostimportantnews.com\/wp-content\/uploads\/2019\/11\/Crash-Landing-Public-Domain-600x435.jpg\" alt=\"\" class=\"wp-image-39544\"\/><\/a><\/figure><\/div>\n\n\n\n<p>I have so many bad economic numbers to share with you that I don\u2019t even know where to start. I had anticipated that the U.S. economic slowdown would accelerate during the fourth quarter of 2019, and that is precisely what has happened. The Federal Reserve is trying to do&nbsp;<a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/what-in-the-world-is-the-federal-reserve-thinking\" target=\"_blank\" rel=\"noreferrer noopener\">all that it can<\/a>&nbsp;to keep us from officially slipping into a recession, and the federal government is literally spending money&nbsp;<a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-u-s-national-debt-just-hit-the-23-trillion-dollar-mark-as-we-continue-to-steamroll-toward-financial-oblivion\" target=\"_blank\" rel=\"noreferrer noopener\">as if tomorrow will never come<\/a>, but all of that intervention has not been enough to reverse our economic momentum. We are really starting to see conditions begin to deteriorate very rapidly now, and 2020 is already shaping up to be the most pivotal year for the U.S. economy since 2008.<\/p>\n\n\n\n<p>Let me start my analysis by discussing how U.S. consumers are doing right now. According to&nbsp;<a href=\"https:\/\/www.cbsnews.com\/news\/70-americans-are-struggling-financially\/\" target=\"_blank\" rel=\"noreferrer noopener\">CBS News<\/a>, a major new study that was just released found that 70 percent of all Americans are struggling financially\u2026<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Many Americans remain in precarious financial shape even as the economy continues to grow, with 7 of 10 saying they struggling with at least one aspect of financial stability, such as paying bills or saving money.<\/p><p>The findings come from a survey of more than 5,400 Americans from the Financial Health Network, a nonprofit financial services consultancy. The project, which started a year ago, is aimed at assessing people\u2019s financial health by asking about debt, savings, bills and wages, among other issues.<\/p><\/blockquote>\n\n\n\n<p>That sure doesn\u2019t sound like a \u201cbooming economy\u201d, does it?<\/p>\n\n\n\n<p>And even though things are already really tough\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/for-millions-of-americans-in-the-middle-of-the-country-it-feels-like-an-economic-depression-right-now\" target=\"_blank\">for millions upon millions of American families<\/a>, it appears that things are rapidly getting worse. In fact, we just witnessed the largest decline for the Bloomberg Consumer Comfort Index\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.zerohedge.com\/personal-finance\/american-consumer-comfort-crashes-most-lehman\" target=\"_blank\">since 2008<\/a>\u2026<\/p>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brace For Impact! The U.S. Economy Is Going Down, And It Is Going Down Hard\u2026 I have so many bad economic numbers to share with you that I don\u2019t even know where to start. I had anticipated that the U.S. economic slowdown would accelerate during the fourth quarter of 2019, and that is precisely what [&hellip;]<\/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":[4901,1264,827,3650],"class_list":["post-49702","post","type-post","status-publish","format-standard","hentry","category-economics","tag-michael-snyder","tag-recession","tag-united-states","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49702","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=49702"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49702\/revisions"}],"predecessor-version":[{"id":49703,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49702\/revisions\/49703"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}