{"id":64091,"date":"2022-11-09T17:03:56","date_gmt":"2022-11-09T22:03:56","guid":{"rendered":"https:\/\/olduvai.ca\/?p=64091"},"modified":"2022-11-09T17:03:56","modified_gmt":"2022-11-09T22:03:56","slug":"11-signs-that-economic-activity-is-plunging-off-a-cliff","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=64091","title":{"rendered":"11 Signs That Economic Activity Is Plunging Off A Cliff"},"content":{"rendered":"
\n

11 Signs That Economic Activity Is Plunging Off A Cliff<\/a><\/h3>\n<\/header>\n
\n

\"\"<\/a>Have you noticed it too?\u00a0 There has been a dramatic shift in the economy in recent days.\u00a0 It has been sudden and it has been severe.\u00a0 All over the country, sales are falling like a rock, inventories are piling up to alarming levels, and large companies are beginning to conduct mass layoffs.\u00a0 Perhaps it was inevitable that such a downturn would arrive, but the Federal Reserve has made things far worse by rapidly hiking interest rates.\u00a0 Every other time the Fed has engaged in such a rate hiking binge it has resulted in a recession, and there is no way that we are going to escape unscathed this time around.\u00a0 The following are 11 signs that economic activity is plunging off a cliff\u2026<\/p>\n

#1<\/strong>\u00a0This year, only\u00a074 percent<\/a>\u00a0of Americans will celebrate Thanksgiving because so many people are skipping the holiday in order to save money\u2026<\/p>\n

In 2021, researchers note that an IPSOS survey found that nine in 10 Americans planned to celebrate Thanksgiving. This year, the new poll of 1,000 people found that number has fallen to just 74 percent. In fact, 47 percent say they\u2019re celebrating \u201cFriendsgiving\u201d because of its more budget-friendly menu. Specifically, just 24 percent of Friendsgiving celebrations will even have a turkey on the table, with 33 percent opting for a pizza instead!<\/p><\/blockquote>\n

#2<\/strong>\u00a0Used vehicle prices have just plunged at the fastest pace that we have seen\u00a0since 2008<\/a>.<\/p>\n

#3<\/strong>\u00a0A Dollar General assistant manager named Travis Bennett recently posted a video on TikTok that showed unsold inventory at his store\u00a0literally piling up to the roof<\/a>\u2026<\/p>\n

In a video with over 380,000 views addressed to \u201canyone inside this company that actually cares,\u201d TikTok user Travis Bennett shows the conditions of his Dollar General. This includes boxes filling the aisles and numerous crates that have not been unpacked. Bennett says this is typical for \u201cmost Dollar General stores across the country.\u201d<\/p><\/blockquote>\n

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

11 Signs That Economic Activity Is Plunging Off A Cliff Have you noticed it too?\u00a0 There has been a dramatic shift in the economy in recent days.\u00a0 It has been sudden and it has been severe.\u00a0 All over the country, sales are falling like a rock, inventories are piling up to alarming levels, and large […]<\/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":[4901,7452,827,834],"class_list":["post-64091","post","type-post","status-publish","format-standard","hentry","category-economics","tag-michael-snyder","tag-the-economic-collapse-blog","tag-united-states","tag-us"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64091","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=64091"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64091\/revisions"}],"predecessor-version":[{"id":64092,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64091\/revisions\/64092"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}