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Most Americans Think Recession Has Already Begun. They’re Right.
Daily Signal ^ | August 6, 2024 | Peter St. Onge

Posted on 08/06/2024 9:46:56 AM PDT by Red Badger

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1 posted on 08/06/2024 9:46:56 AM PDT by Red Badger
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To: Red Badger
All the dire economic data we’re seeing now—the jobs, the delinquencies, the $35 trillion in debt—get much worse when the recession hits in full.

************

And rising credit card debt. We're heading into a recession with the consumer already tapped out. Recipe for a serious downturn.

2 posted on 08/06/2024 9:53:58 AM PDT by Starboard
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To: Red Badger

We use the Walmart app to make purchases for pickup on occasion. My wife, on a whim, looked up a purchase from 2021. It was for almost $66. She then asked to make a re-purchase of all items. The new total to re-purchase the same items was $108. For those of you in Rio Linda, that’s a 63.63% increase in the overall cost for those items (mix of eggs, toiletries, packaged goods, dairy, fruits and vegetables).


3 posted on 08/06/2024 9:54:24 AM PDT by IYAS9YAS (There are two kinds of people: Those who can extrapolate from incomplete data.)
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To: Red Badger

I’ve noticed how grocers try to hide inflation. They’ll have promotional discounts on popular items for a few weeks, but when the discounts end, the “real” price is slightly higher than before.

I’m a paper hoarder and save receipts, so I can actually see the trends in rising prices for years.


4 posted on 08/06/2024 9:54:48 AM PDT by fwdude
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To: Red Badger

I love skim milk. I drink 3 gallons a week. A gallon of skim milk costs 3 times what it did 3 years ago


5 posted on 08/06/2024 9:56:08 AM PDT by circlecity
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To: Red Badger
It began 3¾ years ago, when Joey Bidet signed those 90 EOs, reversing all of DJT's EOs. It was all downhill from there.
6 posted on 08/06/2024 9:56:28 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: circlecity

I drink Almond milk......................


7 posted on 08/06/2024 9:57:22 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Red Badger

To each his own


8 posted on 08/06/2024 9:58:37 AM PDT by circlecity
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To: Red Badger

I’m sure the investors will try to rescue Harris by getting back into the markets today. I want Americans to suffer economically until the election is over. Otherwise it will be a Dem victory from the great unwashed.

Has anyone else noticed enterprises closing up shop near them?
All the Rite Aids in the state of Michigan are closing.
Many Big Lots, too.
A big pet supply place closed up near me to go with the already closed Denny’s next to it.

Any place that closes has employees out of work and not going out to eat or to the movies or buying back to school items and clothes. Ripple effect.

That sort of thing shows a slowdown even if TV people don’t mention them.


9 posted on 08/06/2024 9:59:37 AM PDT by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls.)
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To: Red Badger

Is almond milk more expensive?


10 posted on 08/06/2024 9:59:43 AM PDT by circlecity
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To: Starboard

And we are heading into what I call “Layoff” season.

When companies lay people off at the end of the year to cut back on their biggest expense, payroll.


11 posted on 08/06/2024 10:01:05 AM PDT by Texas resident (Que Mala= Bad Juju.)
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To: circlecity

Slightly. But has less calories and unfortunately protein as well...........


12 posted on 08/06/2024 10:01:28 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Red Badger

“...if we are repeating the 1970s—as I’ve long feared—we could be looking at a much worse catastrophe that could take a decade to dig out of.”

We are in a completely different paradigm than we were in the 70’s, one from which we’ll never recover as a nation. We have a critical mass of brainwashed Gen Y’s and Gen Z’s up and coming to take over all the decision making with a hyper-racist, irrational, anti-science, anti-religious, woke world view. No one can survive under that.


13 posted on 08/06/2024 10:03:45 AM PDT by fwdude
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To: circlecity

I go through a few gallons of whole milk a week for myself.

Pricey drinking habit.


14 posted on 08/06/2024 10:04:39 AM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure..)
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To: wally_bert

It is pricy but I love it. My wife bitches about me wanting junk foods but she never complains about the milk. Great wives are cool about that.


15 posted on 08/06/2024 10:09:26 AM PDT by circlecity
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To: Red Badger

The economic effect of the civil war that has already begun.


16 posted on 08/06/2024 10:09:47 AM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
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To: Red Badger

three to four whole almonds in each 8-ounce glass


17 posted on 08/06/2024 10:14:08 AM PDT by conserv8
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To: fwdude

And no one but China to manufacture the phones that tell them what to do and think.


18 posted on 08/06/2024 10:16:40 AM PDT by Empire_of_Liberty
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To: frank ballenger

I’m sure the investors will try to rescue Harris by getting back into the markets today.
************************
Looks like the Kamala Krash is already over. Markets up bigly today. Looks like it’s President Kamala.


19 posted on 08/06/2024 10:17:09 AM PDT by sunny bonobo
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To: Red Badger
I drink Almond milk......................

How do you milk an almond? Those must be awfully small nipples.

20 posted on 08/06/2024 10:21:25 AM PDT by voicereason (When a bartender can join Congress and become a millionaire...there’s a problem.)
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