{"id":64538,"date":"2022-12-27T09:07:33","date_gmt":"2022-12-27T14:07:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=64538"},"modified":"2022-12-27T09:07:33","modified_gmt":"2022-12-27T14:07:33","slug":"15-facts-which-prove-that-a-massive-economic-meltdown-is-already-happening-right-now","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=64538","title":{"rendered":"15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now"},"content":{"rendered":"
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15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>Economic conditions just keep getting worse.\u00a0 As we prepare to enter 2023, we find ourselves in a high inflation environment at the same time that economic activity is really slowing down.\u00a0 And just like we witnessed in 2008, employers are conducting mass layoffs as a horrifying housing crash sweeps across the nation.\u00a0 Those that have been waiting for the U.S. economy to implode can stop waiting, because an economic implosion has officially arrived.\u00a0 The following are 15 facts that prove that a massive economic meltdown is already happening right now\u2026<\/p>\n

#1<\/strong>\u00a0Existing home sales have now fallen\u00a0for 10 consecutive months<\/a>.<\/p>\n

#2<\/strong>\u00a0Existing home sales are down\u00a035.4 percent<\/a>\u00a0over the last 12 months.\u00a0 That is the largest year over year decline in existing home sales\u00a0since the collapse of Lehman Brothers<\/a>.<\/p>\n

#3<\/strong>\u00a0Homebuilder sentiment has now dropped\u00a0for 12 consecutive months<\/a>.<\/p>\n

#4<\/strong>\u00a0Home construction costs have risen\u00a0more than 30 percent<\/a>\u00a0since the beginning of 2022.<\/p>\n

#5<\/strong>\u00a0The number of single-family housing unit permits has fallen\u00a0for nine months in a row<\/a>.<\/p>\n

#6<\/strong>\u00a0The Empire State Manufacturing Index has plunged\u00a0\u201cto a reading of negative 11.2 in December\u201d<\/a>.\u00a0 That figure was way, way below expectations.<\/p>\n

#7<\/strong>\u00a0In November, we witnessed\u00a0the largest decline in retail sales<\/a>\u00a0that we have seen all year long.<\/p>\n

#8<\/strong>\u00a0Even the biggest names on Wall Street are starting to let workers go.\u00a0 In fact, it is being reported that Goldman Sachs will soon lay off\u00a0approximately 4,000 employees<\/a>.<\/p>\n

#9<\/strong>\u00a0The Federal Reserve is admitting that the number of actual jobs in the United States has been overstated\u00a0by over a million<\/a>.<\/p>\n

#10<\/strong>\u00a0U.S. job cuts were\u00a0417 percent higher<\/a>\u00a0in November than they were during the same month a year ago.<\/p>\n

#11<\/strong>\u00a0A recent\u00a0Wall Street Journal survey<\/a>\u00a0found that approximately two-thirds of all Americans expect the economy to get even worse next year.<\/p>\n

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

15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now Economic conditions just keep getting worse.\u00a0 As we prepare to enter 2023, we find ourselves in a high inflation environment at the same time that economic activity is really slowing down.\u00a0 And just like we witnessed in 2008, employers are conducting […]<\/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":[124,303,4901,13351,7452,3650,860],"class_list":["post-64538","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-fed","tag-michael-snyder","tag-price-inflation","tag-the-economic-collapse-blog","tag-us-federal-reserve","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64538","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=64538"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64538\/revisions"}],"predecessor-version":[{"id":64539,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64538\/revisions\/64539"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}