'SELL-OFF Shock' - US Economic Bloodbath Resumes As Labor Market PLUNGES & Manufacturing Crashes

US stocks just suffered a sudden meltdown with investors fearing an economic recession even before the US elections. Layoffs are increasing, manufacturing is collapsing and the labour market is plunging. Here are the big headwinds for the US economy that you must know!

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✅ Timestamps & Chapters:
0:00 US Stock Market Sudden Sell-Off
2:27 U.S. Consumer Bloodbath
5:32 Labor Market Starts To Collapse
8:51 Manufacturing In Big Trouble
11:41 Massive Rate Cuts Risk

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[Riggsnic_co]

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[siewkonsum]

The main reason of Jake Sullivan going to China a week ago was to request China not to stop buying agricultural grains from the US to help alleviate the ongoing dire economical conditions in the US, not so much on his so called global security matters he made up.

[winstonsmith]

Interesting, my wife works for a major retailer in the US and her firm is not hiring and working with what could be called a skeleton workforce, they what is coming.

[thomasrogers]

75% OF OUR ECONOMY IS BASES ON FINANCIALIZATION. PROFITING WITHOUT PRODUCING REAL VALUE. THE STOCK MARKET IS NOT AN INDICATOR OF A HEALTHY ECONOMY.. OUR SERVICE AND CONSUMER BASED MODEL IS FLAWED.

[mariocondello]

Rate cuts will achieve nothing and just signal how dire things are.

[ServerError-ubfx]

The recent activity in the IPO market is quite notable.

[johnblack]

Its not an economy its a casino full of gamblers who do inside trading, Ask Pelosi.

[Aceks]

All the money from the Chips Act is not working, because the US doesn't have a electronics industry. At the same time, the US govt is preventing the sale of these semiconductor chips to the country that consumes a lot of it. As a result, companies, like Intel, AMD, Nvidia, Qualcomm, and others are seeing a reduction in sales. Less revenue means less profitability; therefore, people have to be laid off. This means less R&D for these semiconductor chips. Sure, the subsidies did go into hiring people, pay peoples wages, and add production capacity. However, without a market to sell those goods, most of the money is just being used to keep these semiconductor companies afloat. This makes these companies less competitive, it gives them no incentive to spend money on R&D to improve their products. As a result, these companies lose their competitive edge and fall behind.

[siewkonsum]

It's all wild speculations based on greed, hopes & dreams. It is unsustainable wishful expectations and asset inflation.
The American economical conditions are broken, and get worse going forward. 😊

[willeisinga]

Volkswagen must close factories in Germany. GM same in US. US Steel in trouble. Elections steal. 😂😂😂

[hktman]

If I was an American I'd be worried about prices rising due to potential increased tariffs on Chinese goods. China makes some of the best products and has some of the best prices. Punishing the American consumer by raising prices doesn't make sense to me.

[viralfire]

When empires fall...it starts slowly and then gather momentum very quickly.

[genekelly]

Mark Twain on the Stock Market:"September is a dangrous month..other dangerous months are October, November, December, January, February..."

[mik]

They did it to themselves this time, about time they felt the sting of their own policy

[tmming-hk]

No matter how dam smart America think they r is? But oredi too late now, We in Asia will support China ever

[teatree]

In Australia- grocery bills are rising even now but the government says inflation is

[geraldt]

Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich

[linc]

signs are already on the streets long ago, banks collapse, homeless issue, property ads everywhere

[Vit_Kon]

Крайне сомневаюсь, что в долгосрочной перспективе США смогут остаться на том же уровне экономики, как сейчас, потому что почти вся американская экономика раздута за счет раздутого фондового рынка, который сильно не соответствует реальным активам. Спасение экономики за счет печатания денег в огромных количествах работало только потому, что доллар является резервной валютой и они свою внутреннюю инфляцию распределяли на весь мир, в новых условиях низкие ставки и, как следствие, печатание денег и рост долга только снижают ценность денег, что ускорит инфляцию. Но доллар все еще занимает доминирующее положение в международной торговле, поэтому эта инфляция еще не стала гиперинфляцией. Но многие страны уже хотят перейти на расчеты в национальных валютах, конечно, сейчас это небольшие цифры по сравнению с долей доллара, но важны не цифры в моменте, а направление движения, и чем дальше они будут затягивать конфликты, чем больше будут их провоцировать, как нынешний с Россией, как потенциальный с Китаем, тем быстрее ускорится процесс дедолларизации мировой торговли, и тем чаще начнут лопаться раздутые пузыри на рынке США. Так что суть проблемы в том, что они лечат не болезнь, а убирают симптомы, но рано или поздно болезнь победит.

[GarbagePlateROC]

The stock market is severely over priced