By Michael Snyder The price of gasoline is rapidly rising, economic activity is slowing down, the Middle East appears to be on the brink of war, and Democrats are trying to find a way to remove a Republican president from ...
Read More »The Retail Apocalypse is in Full Swing: Retail Layoffs up 92% and Even Retail Giant Walmart is closing Stores
By Michael Snyder Just like we witnessed during the last recession, major retailers are laying off tens of thousands of workers, and it looks like this will be the worst year for store closings in all of U.S. history. Many ...
Read More »U.S. Goods Piling up in Warehouses – Just Like They Did Before the Last Great Recession
By Michael Snyder When economic conditions initially begin to slow down, businesses continue to order goods like they normally would but those goods don’t sell as quickly as they previously did. As a result, inventory levels begin to rise, and ...
Read More »Economic Slowdown Confirmed: The U.S. Economy Lost Jobs Last Month For The First Time In 7 Years
By Michael Snyder Don’t worry – even though the employment numbers are terrible the mainstream media insists that everything is going to be wonderful for the U.S. economy in the months ahead. According to the Bureau of Labor Statistics, the ...
Read More »12 Signs The Economic Slowdown The Experts Have Been Warning About Is Now Here
Since the election there has been this perception among the American public that the economy is improving, but that has not been the case at all. U.S. GDP growth for the first quarter was just revised up to 1.2 percent, ...
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