There is something seriously wrong when the US economy is being hyped up but when one does some digging it does not look so rosy:
[sauce: https://www.zerohedge.com/news/2019-05-03/try-claiming-america-booming-after-reading-these-19-facts-about-our-current]
#1 In April, U.S. auto sales were down 6.1 percent. That was the worst decline in 8 years.
https://www.zerohedge.com/news/2019-05-02/april-us-auto-sales-crash-61-worst-slide-8-years
#2 The number of mortgage applications has fallen for four weeks in a row.
https://mortgageorb.com/mortgage-applications-fell-for-a-fourth-week-despite-drop-in-rates
#3 We just witnessed the largest crash in luxury home sales in about 9 years.
https://www.zerohedge.com/news/2019-05-02/luxury-home-sales-crash-last-quarter-biggest-yoy-decline-2010
#4 Existing home sales have now fallen for 13 months in a row.
https://www.zerohedge.com/news/2019-04-22/us-existing-home-sales-slump-13th-straight-month?mc_cid=3eae758cb2&mc_eid=d1f5987f83
#5 In March, total residential construction spending was down 8.4 percent from a year ago.
https://wolfstreet.com/2019/05/01/construction-spending-at-risk-housing-retail-sag/
#6 U.S. manufacturing output was down 1.1 percent during the first quarter of this year.
https://finance.yahoo.com/news/u-manufacturing-output-unchanged-march-131859320–finance.html
#7 Farm incomes are falling at the fastest pace since 2016.
https://www.zerohedge.com/news/2019-04-30/trade-war-crushes-american-farmers-income-collapses-most-2016
#8 Wisconsin dairy farmers are going bankrupt “in record numbers”.
https://www.zerohedge.com/news/2019-04-29/wisconsin-dairy-farmers-going-bankrupt-record-numbers-blame-trump-tariffs
#9 Apple iPhone sales are falling at a “record pace”.
https://www.dailymail.co.uk/sciencetech/article-6978281/Apple-rallies-new-services-offset-slump-iPhone-sales.html
#10 Facebook’s profits have declined for the first time since 2015.
https://www.cnn.com/business/live-news/stock-market-news-today-042419/h_a9bacef06ca233618649155e260e4945
#11 We just learned that CVS will be closing 46 stores.
https://www.usatoday.com/story/money/2019/05/02/cvs-health-cvs-pharmacy-store-closing-list/3649440002/
#12 Office Depot has announced that they will be closing 50 locations.
https://www.businessinsider.com/office-depot-closing-stores-list-2019-4
#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.
https://www.cnn.com/2019/04/16/business/store-closures-retail-bankruptcies/index.html
#14 A shocking new study has discovered that 137 million Americans have experienced “medical financial hardship in the past year”.
http://endoftheamericandream.com/archives/shocking-new-study-finds-that-137-million-americans-suffered-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.
http://endoftheamericandream.com/archives/credit-card-charge-offs-hit-the-highest-level-in-nearly-7-years-and-credit-card-delinquencies-hit-the-highest-level-in-almost-8-years
#16 Credit card delinquencies have risen to the highest level in almost 8 years.
http://endoftheamericandream.com/archives/credit-card-charge-offs-hit-the-highest-level-in-nearly-7-years-and-credit-card-delinquencies-hit-the-highest-level-in-almost-8-years
#17 More than half a million Americans are homeless right now.
http://endoftheamericandream.com/archives/homelessness-in-new-york-city-is-the-worst-that-it-has-ever-been
#18 Homelessness in New York City is the worst that it has ever been.
http://endoftheamericandream.com/archives/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.
http://theeconomiccollapseblog.com/archives/nearly-102-million-americans-do-not-have-a-job-right-now-worse-than-at-any-point-during-the-last-recession