{"id":8739,"date":"2015-06-03T05:43:31","date_gmt":"2015-06-03T10:43:31","guid":{"rendered":"http:\/\/olduvai.ca\/?p=8739"},"modified":"2015-06-03T05:43:31","modified_gmt":"2015-06-03T10:43:31","slug":"2-things-that-are-happening-right-now-that-have-never-happened-outside-of-a-recession","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=8739","title":{"rendered":"2 Things That Are Happening Right Now That Have Never Happened Outside Of A Recession"},"content":{"rendered":"

2 Things That Are Happening Right Now That Have Never Happened Outside Of A Recession<\/a><\/h3>\n

\"Question<\/a>If we are not heading into a recession, why does our economy continue to act as if that is precisely what is happening?\u00a0 As you will see below, we learned this week that factory orders have declined year over year\u00a0for six months in a row<\/strong>.\u00a0 That is something that has\u00a0never happened<\/strong>\u00a0outside of a time of recession.\u00a0 We have also seen new orders for consumer goods fall dramatically.\u00a0 In fact, the only time we have seen a more dramatic decline in that number was during the last recession.\u00a0 And when you add these two items to what I have written about previously, the overall economic picture becomes even more disturbing.\u00a0 Corporate profits have fallen\u00a0for two quarters in a row<\/a>, our exports fell by\u00a07.6 percent<\/a>\u00a0during the first quarter of 2015, and U.S. GDP contracted\u00a0by 0.7 percent<\/a>\u00a0during Q1.\u00a0 Even though Barack Obama and the mainstream media are willingly ignoring them, the truth is that these numbers are absolutely screaming that we are going into a new recession.<\/p>\n

Sometimes, a picture is worth more than a thousand words, and I believe that is certainly the case with the chart that I have posted below.\u00a0 It comes from\u00a0Zero Hedge<\/a>, and it shows that factory orders have declined year over year for six months in a row.\u00a0 The only times when this has ever happened before have been when the U.S. economy has been in recession\u2026<\/p>\n

 <\/p>\n

\"Factory<\/a><\/p>\n

When we look at new orders for consumer goods, we see a similar thing happening.\u00a0 This next chart comes from\u00a0Charles Hugh Smith<\/a>, and it really doesn\u2019t need much explanation\u2026<\/p>\n

…click on the above link to read the rest of the article…<\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

2 Things That Are Happening Right Now That Have Never Happened Outside Of A Recession If we are not heading into a recession, why does our economy continue to act as if that is precisely what is happening?\u00a0 As you will see below, we learned this week that factory orders have declined year over year\u00a0for […]<\/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":[5985,236,5983,5984,353,4901,1264,2084,1250],"class_list":["post-8739","post","type-post","status-publish","format-standard","hentry","category-economics","tag-consumer-goods","tag-economic-collapse","tag-economiccollapseblog","tag-factory-orders","tag-gdp","tag-michael-snyder","tag-recession","tag-statistics","tag-truth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8739","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=8739"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8739\/revisions"}],"predecessor-version":[{"id":8740,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8739\/revisions\/8740"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}