Economic Storm Brewing: Recession Looms as Warning Signs Multiply

Citizen Watch Report ^

[davikkm]

The warning signs are becoming more pronounced, and it appears that a recession may be looming closer than expected.

Tightening liquidity is often a precursor to economic downturns. This is evident in the increasing number of companies closing their doors and factories declaring bankruptcy. These are clear indicators of economic distress that should not be underestimated.

There’s been a noticeable shift in the flow of money out of the economy. This monetary exodus is putting additional strain on an already fragile economic situation, heightening concerns among experts.

Adding to the complexity is the Employee Retention Credit (ERC) program, which appears to be channeling funds disproportionately to the wealthy. This has raised questions about the equity and effectiveness of economic policies.

When you couple these factors with two consecutive quarters of negative GDPplus growth, it’s a clear signal that we’ve entered a recession. The recent surge in the 10-year Treasury yield to a new cycle high of 4.732% is further evidence of economic instability.

Interestingly, Americans are flocking to casinos at record levels, possibly as a response to economic uncertainty. This suggests that people are looking for alternative ways to secure their financial future.

Existing home sales typically decline before recessions, and this trend is concerning. The collapse in multifamily starts is another alarming development. While it may not immediately impact construction employment on existing projects, companies will likely start shedding workers as financing conditions for new multifamily housing projects become nearly impossible.

The job market is showing signs of pessimism. The expectation of being offered a new job has declined in August, dropping to 18.7% from 21.1% a year ago, according to CNBC.

These interconnected factors paint a concerning picture of an economy facing serious challenges, raising the specter of an impending recession.

[Jane Long]

LOL....turning to .... casinos .... to ‘secure their financial future’.....okay 😂

[adorno]

The warning signs have been there for more than 2 1/2 years.

The only thing(s) keeping the economy from indicating recession, is the red states. If one were to look at the red vs blue states, one could see that the blue states reached recession states 2+ years ago and have stayed in recession. The red states have shown economic growth for the last 6+ years, and continue to do so. Take away the red states’ economies, and the country is in deep recession.

[Fai Mao]

If everyone counts cards the casino will change the odds

[unixfox]

But Janet Yellen and Joe say we are booming.

Bidenomics is working damnit!

[adorno]

But Janet Yellen and Joe say we are booming.

The red states are ignoring Bidenomics, while the blue states are thriving (negatively), under Bidenomics.

[Scott from the Left Coast]

Yeah those casinos just lose, lose, lose all the time.

I’m thinking they’re all just having one more big blow out before the bad times start rolling.

[I want the USA back]

Recession + inflation = joe biden economics.

[Jane Long]

Good answers!! 😂

[353FMG]

It’s only a recession. Wait for the subsequent depression.
Now let’s all whisper in unison: “Guess what, it’s working”, when referring to bidenomics.

[who knows what evil?]

Get out of debt, folks...ASAP.

[Fledermaus]

Looming my butt, it’s here.

[VTenigma]

The only thing keeping the country afloat is the nearly $4 trillion in deficit spending this year. That’s nearly 20% of GDP.

[jdsteel]

IMHO this is an excellent opportunity in high quality bonds before the flight to quality begins.

[adorno]

The only thing keeping the country afloat is the nearly $4 trillion in deficit spending this year. That’s nearly 20% of GDP.

Deficit spending is recessionary, therefore, it's destructive and doesn't keep anything afloat. It's just an illusion, and reality will catch up; it always does. Meanwhile, the recessionary spending is not helping the blue states, and most of them are in decline. Spending with phony money, or monopoly money, doesn't improve anybody's life. All that spend monopoly money, are fooling themselves.

No country has ever survived using phony money. Luckily, the country is divided into 'republics' which can go their own way, and they have, and the people in the failing republics have decided to move out of the failing republics. Kinda similar with what's happening in S. America, with people moving out and going towards where they think they stand a better change at making a better life for themselves. American's streets are lined with gold, except in the blue 'republics'.

[VTenigma]

Absolutely correct, but the way the economy has been structured since the “messiah” and the CDS crisis in ‘08 unless a pull-back is done properly it would lead to a full blown crash and a domino effect of epic proportions. There in lies the dilemma, no one knows how or where to start and therefore no one has the will (maybe one guy but that has yet to be seen). Disengaging this country from deficit spending is fraught with danger, yet it will happen one way or the other. Plan accordingly.

[Texas resident]

Janet Yellen and Joe say we are booming. We means Janet and Joe. Everyone else, they don’t give a rats ass about.