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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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#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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