As supermarket prices quadruple and Americans experience financial hardship around the holidays, when spending is often on the rise, the nation wonders when the economy will begin to recover. Aside from optimism, there are grave indicators of the present and future for those who are observing.
Congress has enacted a 1,7 trillion dollar omnibus spending measure just before the holidays, when folks are focused on holiday issues, so causing greater inflation by borrowing and spending money at an utterly unprecedented rate.
No member of Congress has acknowledged to reading the whole 4,155-page measure, but U.S. Senator Rand Paul recently conducted a press event during which he rolled it out on a dolly…
After the grossly bloated $1.7 trillion Omnibus spending bill advanced in the Senate by a vote of 70-25, GOP Senator Rand Paul held a press briefing during which he wheeled in the “abomination” on a trolley and demanded to know how anyone would be able to read it before the end of the week.
Paul, along with the four other opposing Republicans in the Senate, Mike Braun, Ron Johnson, Mike Lee, and Rick Scott, emphasized the absurdity of the bill’s fast-tracking.
Zero Hedge reports via Snyder of The Economic Collapse blog:
The following are 15 facts that prove that a massive economic meltdown is already happening right now…
#1 Existing home sales have now fallen for 10 consecutive months.
#2 Existing home sales are down 35.4 percent over the last 12 months. That is the largest year over year decline in existing home sales since the collapse of Lehman Brothers.
#3 Homebuilder sentiment has now dropped for 12 consecutive months.
#4 Home construction costs have risen more than 30 percent since the beginning of 2022.
#5 The number of single-family housing unit permits has fallen for nine months in a row.
#6 The Empire State Manufacturing Index has plunged “to a reading of negative 11.2 in December”. That figure was way, way below expectations.
#7 In November, we witnessed the largest decline in retail sales that we have seen all year long. CONTINUE READING…