An Economic Meltdown Is Imminent (And Why It Will Be Worse Than We Thought)

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[exodusmatthew]

Inflation is going down.. Yet food keeps going up, manufacturer costs keep going up, and shipping costs keep going up at the shipping docks.

[scruples]

What they mean by inflation Is going down. The higher prices of everything is permanent and here to stay.

[johndoeboston]

When his refrigerator starts to make a strange noise:
Van Meter: “IT’S…BREAKING!! And it’s much worse than we thought!”

[tdffl]

I work construction and my work has been cutting jobs since before busy season even started.... We are now in the middle of it and so far busy season has been incredibly weak...

[petercbrandon]

How can you say "it will be far worse than we thought " when you've been saying that every day forever?

[bladeflapUH]

Until diesel prices come down, prices will continue to rise.

[cmac]

He's positive today. Dow in a bull market, stocks up 300 points today! Wait, am I in the right comments section?

[shannondavis]

It doesn’t matter how a company, corporation or the economy is doing…executives & CEO’s still make sure they get their $millions in

[albelerberg]

I'm a recruiter, been doing this in the IT field since 2009. This is the worst I have seen it since opening our business. I spoke to another recruiting firm owner who is also in IT recruiting (has been for 36 years), said the exact same thing. I also have a monthly call with a third recruiting firm owner who also said they are seeing a massive reduction in job orders. I have been surprised we are not hearing about this slow down in hiring. I constantly asks my wife, where is the slowdown, how do people pay for all this stuff? Small businesses are limping along right now...

[petenrita]

1999 redux. Ride while it is good, but grow that pile of dry powder!

[jamesbradbury]

Dear Steve, You are the greatest but please hurry this up already

[paulhawkins]

Maybe we should look at CEO pay scale which is out of control ! Do you think that that also impact the economy?

[pasky]

Two main reasons why Americans are curbing their spending:
one is inflation(bare necessities)
And reason #2 is most won't default right away on their student loan repayments.
As a result many of those are starting to get ready for that financial stress...

[anonymouslyominous]

Maybe people don't want to wait in line for an hr to go down a water slide for 30 seconds, when it's 110 and humid while being charged $10 for a bottle of water

[tyfmeij]

Those caterpillar brows bro, epic, lol.

[jaxntax]

Of course the moving average is predicated on lay off but employers are sumply cutting hours not laying off. People were working 40 hrs a week are working 34 hrs aweek. Laying off requires money from companies that they simply do not want to use. They will cut hours until a sufficient number simply quit or have too many hour conflicts with the other job or jobs. Result reduced work force with out unemployment, at least visible unemployment.

[dancers]

Your information is good but Bravo’s show is just damn good entertainment and his green screen is tops!

[Lassemalten]

"The Yield Curve Suggests a Recession is Imminent" - Steve 2 years AGO!

[imaxinsertnounherex]

People are so fed up with Disney since all their movies suck now. They stopped producing new good content to use in their parks, which means they lost the younger kids. They got political, which lost the adults. Combine that with economic troubles, and it is no wonder that they abandon the parks this year.

[brandonzawaski]

Mills are pretty cool. My favorite part of a tour is the tensile machine. Charging buckets are cool too but nothing beats hearing somebody test break a piece of steel on a massive hydrolic press.