Just a few months ago, many of the experts were still talking about how the U.S. economy was “booming”, but since then a major shift has taken place. Most of the headlines have been about the huge stock market crash that we have been witnessing, but things have not been going well for the real economy either. Home sales are way down, auto sales are plummeting, the retail apocalypse is escalating, the middle class continues to shrink and economic optimism is rapidly evaporating. We haven’t seen anything like this since the 2008 economic collapse, and many believe that the economic downturn that is now upon us will ultimately be even worse than what we experienced a decade ago. The following are 11 signs that the U.S. economy is on the way of economic collapse.
The upward economic collapse of the last couple of years is totally gone, and many believe that there will soon be a feverish race for the exits on Wall Street. If you have not already positioned yourself for the coming financial crisis, now is the time to do so. As we saw in 2008, the stock markets tend to go down a whole lot faster than they go up.
And once things get really crazy on Wall Street, the real economy can fall apart at a pace that is breathtaking. In 2008, millions of people lost their jobs within months. This will happen again, and there are an increasing number of signs that the next economic collapse is going to happen much sooner than most people had anticipated.
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