... if you think that things are bad now, just wait, because they will soon be a whole lot more painful...
Authored by Michael Snyder: It
looks like we are going to get official confirmation that a recession
has already begun when the GDP number for the second quarter comes out
later this week. But that isn’t what we should be focusing
on. Yes, things weren’t great during the first half of 2022, but they
are going to be significantly worse during the second half. Small
businesses are starting to fail all over the country, a housing crash of
potentially epic proportions has started, layoffs are on the rise from coast to coast and economic activity is really slowing down all around us. So if you think that things are bad now, just wait, because they will soon be a whole lot more painful.
In recent days we have gotten more new numbers which seem to confirm that a major economic slowdown is upon us.
The following are 14 signs that the U.S. economy is poised to crash really hard during the second half of 2022…
#1 One survey that was just released discovered that 35 percent of all small business owners in the U.S. “could not pay their rent in full or on time in June”.
#2 A different survey found that 51 percent of
all small businesses owners in the U.S. believe that rising prices
could “force them to close their businesses within the next six months”.