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No Hard Landing, Just A Crash & Burn: Depressionary Events Occurring Now
The US is seeing a financial crisis develop at an even more rapid pace than experts had anticipated. Existing home sales in the US have now fallen for 12 months in a row, while sales of previously owned homes tumbled 0.7% in January from the prior month to an annual rate of 4 million units. Meanwhile, rapidly rising interest rates and the work-at-home trend that began during the pandemic have combined to create a giant mess for the commercial real estate industry. These are all indications of what a depressionary style collapse looks like before everyone wakes up to reality.
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📢 Disclaimer: The opinions expressed in this video are for educational and entertainment purposes only. They should not be used for investment decisions or tax advice and do not constitute personalized investment advice. Thank you for watching!
#EconomicCrisis #FinancialCollapse #Depression #RealEstateCrisis #Layoffs #Unemployment #ConsumerConfidence #InterestRates #MoneySupply #GovernmentSpending #Production #WealthCreation #USRecession #USFinance #economy #depression #unemployment #news #recession #gold #silver
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