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Economy

Usually, the Federal Reserve is extremely hesitant to say that an economic slowdown is taking place. Now, they’re coming out and saying it.

Rather than saving and putting a down payment on a house, Millennials have chosen to borrow money for education. That easy money they borrowed is to blame for the skyrocketing costs of college as well.

There’s a difference between poor and broke. It would be nice if millennials now taught their children the power of debt, and how it can enslave a person. Hopefully, the next generation won’t make as many mistakes.

Sadly, we haven’t learned from our past mistakes, and millions upon millions of Americans will find themselves drowning in an ocean of red ink once again during this next recession.

The stage is set for the most terrifying economic horror show in American history, and the clock is ticking away with each passing day.

Dollar Tree is the latest in a wave of companies announcing that they will be closing several hundred stores in the following months.

We haven’t experienced anything quite like this since 2008, and most Americans are completely unprepared for a new economic downturn.

This unsustainable bubble of debt-fueled prosperity that we have been enjoying in recent years has lasted for far longer than it should have, and it is just a matter of time before things dramatically deteriorate.

After accounting for the impact of higher tax (theft) revenue and the higher prices set by domestic producers, the study found the aggregate annual loss for the U.S. economy fell to $6.4 billion, or 0.03 percent of GDP. So increasing taxes doesn’t boost the economy? Who knew, other than everyone with two brain cells to rub together.