Recession shadow indicator trucking and freight are already in recession with soaring bankruptcies, mass layoffs, and crashing volumes. Bellwether Maersk just laid off 10,000 workers, leading one major analyst to declare globalization is "broken."
Trucking employment is doing 3 times worse than the 2000 recession, which was itself much worse than the 2008 recession.
WSJ: Biden's deficit is growing twice as fast as projected, since they hid student loan debt. That means the 2024 deficit will be $600 billion higher than last year -- a 40% jump in a single year.
If we actually have a recession in 2024 as seems likely, tax revenue will decline and spending will increase. Deficits of $3 trillion to $4 trillion are possible, especially with all of the extra spending to fund proxy wars across the globe.
Biden is asking for an extra $105 billion right now from Congress that is not part of the official budget.
"When is the last time you got a raise and it was keeping up with the cost of living?"
"A job paying 70 thousand dollars a year or two years ago is now barley cutting it"
"Have you been to a restaurant lately and really enjoyed it? The employees working there don’t get paid enough to care. Quality of everything is dropping because nobody is making enough to survive." ��🚨🚨
🤡🌎 ... does Airbnb even make sense any more? I have not used it in about two years, but I don't remember it being this bad.
Is this for real and typical? or just a really extreme example?
If the national debt is growing WAY faster than the economy, then we are effectively headed for hyperinflation eventually.
The Fed is going to be forced to create the $$$ printing (digitally) to buy the debt to keep interest rate low. The only way to stop this is to cut spending, which they won't do.
My little Ranger, Levi Allen, is no longer under the blue lights. His bilirubin levels have dropped. He has gained 40 grams of weight in the past 24 hrs & is breathing well, HR strong. It’s very emotional when he squeezes PaPop’s finger. Thanks everyone for your prayers.
My little Ranger, Levi Allen, is no longer under the blue lights. His bilirubin levels have dropped. He has gained 40 grams of weight in the past 24 hrs & is breathing well, HR strong. It’s very emotional when he squeezes PaPop’s finger. Thanks everyone for your prayers.
As long as they have a printer and the are willing to create a few trillion $$$ then they can afford a few wars.
But as we learned during Covid between 2020-2022 ... if you print $6 trillion then inflation is going to run crazy. Real wages probably won't keep up and as a result we all become poorer.
There is a cost to waging war. Many empires have collapsed due to being over extended with too many wars (Roman Empire, British Empire). We seem to be headed down that same path.
New Media Narrative: Recession is better than a soft landing 🤡🌎
They know a recession is coming, so it is time to train you into believing that is a good thing.