Search Result for “economic recession”

Are you deeply struggling right now?  If so, I want you to know that you are not alone.  The things that I am about to share with you are not meant to be depressing.  Rather, I hope that you will be encouraged to see that there are countless others in …
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Is a recession coming? Is this the calm before the storm? JPMorgan Asset Management Global Head of Fixed Income Bob Michele said that today’s economic climate calls to mind the lull seen in the 2008 financial crisis. Michele, who manages more than $700 billion worth of assets for JPMorgan, thinks the …
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A lot of the “experts” have been telling us that economic conditions are likely to really start deteriorating later in the year, but here we are in June and the economy is beginning to unravel a lot quicker than most of them had anticipated.  The housing bubble is imploding, existing …
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If they are actually telling us that a recession is coming this time around, how bad is it going to be?  In 2008, officials kept assuring us over and over again that there wouldn’t be a recession, and then we plunged into the greatest economic downturn since the Great Depression …
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Our leaders were able to successfully kick the can down the road for a long time, but now many of our long-term problems are becoming short-term problems, and the economic outlook for the remainder of 2023 is extremely bleak.  But none of the economic hardships that we are experiencing at …
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This isn’t what a civilized society is supposed to look like.  We aren’t supposed to have vast mobs of very angry young people rioting, looting and generally going nuts all over the country.  But this is what our nation has become.  Our major cities have become cesspools of lawlessness where …
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If virtually everyone is expecting a recession, and most people start acting accordingly, do you think that will make an economic downturn less likely or more likely?  Needless to say, the answer to that question is obvious.  Right now, banks all over the country are getting really tight with their …
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Economists at the Federal Reserve (the United States central bank) said they expect a “mild” recession later this year, an escalation from their previous assessment. The staff expects the economy to dip into recession following the “banking crisis” that is likely not over yet. “Given their assessment of the potential …
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This is moving even faster than a lot of us thought that it would.  For weeks, I have been warning my readers about the coming credit crunch.  When banks get into trouble, they start getting really tight with their money.  That means fewer mortgages, fewer commercial real estate loans, fewer auto …
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If you are struggling to make it in this economy, you are not alone, because there are millions of other Americans in the exact same boat.  Needless to say, the cost of living has become extremely oppressive, and that has put a tremendous amount of financial stress on U.S. families.  …
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