Isn’t it amazing they devalued our currency by >25% and printed $10tn to kick the can on a recession for a few more years? Sounds like a scam.

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Pandemic Savings Depleted: Economic Uncertainty Looms as American Debt Rises

During the pandemic, Americans saved an impressive $2.1 trillion, fueling sustained consumer spending and economic resilience amidst rising interest rates and persistent inflation. However, recent reports from San Francisco Federal Reserve economists Hamza Abdelrahman and Luiz Edgard Oliveira indicate that these pandemic-era savings are now depleted, with many Americans having more debt than savings as of March 2024. This shift from savings to debt raises concerns about the future of consumer spending, which is a key driver of the U.S. economy. With the depletion of excess savings and an increase in consumer debt and delinquencies, there are growing worries about potential economic downturns.

Potential 2025 Recession Could Plunge Stock Market by 30%, Experts Warn

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BCA strategist Roukaya Ibrahim predicts that a recession by early 2025, influenced by continued unemployment and economic difficulties in China, could lead to a 30% decline in the stock market. This view is echoed by Wall Street veteran Gary Shilling, who shared similar concerns with Business Insider. Ibrahim identifies two key factors that signal an impending recession by the end of this year or early next, potentially triggering a significant market correction.

 



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