by danielromero6
- The surge in prices has made it increasingly challenging for people to save, with the personal saving rate hitting its lowest point in 15 years.
- Credit card debt has skyrocketed.
- Rent is more expensive than ever compared to disposable income.
- Household savings have plummeted twice as much as in the Great Recession.
- Permanent job losses are rising aggressively.
- GNI has increased $800 billion YoY while Total Public Debt has increased 2 trillion.
- Federal government interest payments are now 4% of GDP, in 2019 it was 2%.
- The manufacturing sector is currently experiencing a recession.
- The swift decline in oil demand serves as a reliable indicator of an economic slowdown.
- The Eurozone is in a recession.
- Japan just entered stagflation.
- China’s economy has slowed down a lot.
- The dynamics of international events have a direct bearing on the United States, given that the performance of numerous companies is intricately tied to the strength of global economies.The Federal Reserve’s most recent rate hike occurred in July. Typically, it takes 6 to 24 months for monetary policies to exert their full impact on the economy. Despite prevailing opinions suggesting the economy is thriving in the face of increased interest rates, caution is warranted. The true consequences of the recent rate hikes are yet to be fully felt. Brace yourselves for the impending effects.