It is a fact that the U.S. economy is in rough shape, and it is also a fact that the world economy is in even worse shape. The biggest factor in the current state of affairs is the enormous debt that has been accumulated by the U.S. and the majority of its major trading partners.
To make matters worse, the U.S. is currently in a recession. The number of people out of work is also at an all-time high, but the number of people who have been jobless for more than a month is in the double digits. The number of households with debt and mortgages is also at an all-time high, and the number of people who are making less than $10,000 a year is also at an all-time high.
The number of people who are living paycheck to paycheck is also at an all-time high. A recent survey of 2,000 people by the Federal Reserve found that 90% of those interviewed said they were either “underwater” or “underwater in some way.
That’s what you are if you are in a house with a mortgage or are making less than $10,000 a year. The housing collapse is the most visible sign that we are in an economic tailspin. The economy appears to be in a deep slump that is not going to get any better unless it gets a lot worse.
The last time the U.S. economy did this was in 2007-09. It was a time when many people were feeling down a little and they thought the economy was in a deep hole. They didn’t know what the hell was going on, but many did know that the dollar was very weak and that many companies and companies overseas were going under.
As the economy has unraveled, the U.S. stock market has been in free fall and we have had a lot of companies go belly up. The Dow and S&P 500 have been in free fall since mid-February. The Dow had one day of recovery as of this writing at 18,927. The S&P 500 has been in free fall since the middle of March and the blue-chip index has been in free fall since the beginning of June.
We don’t know exactly how serious this economic collapse is, but we do know that there are many people who are going to be adversely effected by it. Even though the Dow has since recovered, it is still down 11% from its highs of 13,828. The 500 is down nearly 9% from the highs of 11,848.
If we extrapolate from the past, it is pretty clear that the Dow and 500 are both going to fall in March and April. The fact that there are a lot of people who will be negatively affected by this economic collapse is just as obvious.
The latest economic collapse news is quite serious, but we can’t say that this is the reason for the downturn. The reason is because we don’t know all the reasons behind the downturn. This is especially true since the Dow and the rest of the major stock indexes also fell on the news.
As of this writing, we don’t know why the world is in such bad shape. But all signs point to global economic problems. The Dow has fallen nearly 11% from the highs, and the world’s stock markets are also down nearly 9% from their highs. On the positive side, it is still early for most stocks, and companies are starting to recover from the recent economic downturn.