Tadpoles and gentlefrogs, while we are gloating about impending DECLAS, we might spare a thought for how the middle class is going to avoid starving to death.
#1 In April, U.S. auto sales were down 6.1 percent. That was the worst decline in 8 years.
#2 The number of mortgage applications has fallen for four weeks in a row.
#3 We just witnessed the largest crash in luxury home sales in about 9 years.
#4 Existing home sales have now fallen for 13 months in a row.
#5 In March, total residential construction spending was down 8.4 percent from a year ago.
#6 U.S. manufacturing output was down 1.1 percent during the first quarter of this year.
#7 Farm incomes are falling at the fastest pace since 2016.
#8 Wisconsin dairy farmers are going bankrupt “in record numbers”.
#9 Apple iPhone sales are falling at a “record pace”.
#10 Facebook’s profits have declined for the first time since 2015.
#11 We just learned that CVS will be closing 46 stores.
#12 Office Depot has announced that they will be closing 50 locations.
#13 Overall, U.S. retailers have announced more than 6,000 store closings so far in 2019, and that means we have already surpassed the total for all of last year.
#14 A shocking new study has discovered that 137 million Americans have experienced “medical financial hardship in the past year”.
#15 Credit card charge-offs at U.S. banks have risen to the highest level in nearly 7 years.
#16 Credit card delinquencies have risen to the highest level in almost 8 years.
#17 More than half a million Americans are homeless right now.
#18 Homelessness in New York City is the worst that it has ever been.
#19 Nearly 102 million Americans do not have a job right now. That number is worse than it was at any point during the last recession.
But at least the stock market has been doing well, right?
Actually, the Dow Jones Industrial Average has been down for two days in a row, and investors are getting kind of antsy.
http://theeconomiccollapseblog.com/archives/i-dare-you-to-tell-me-the-economy-is-booming-after-reading-this-list-of-19-facts-about-our-current-economic-performance