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Now even one of the biggest banks in the entire country Morgan Stanley is openly admitting that an economic collapse is upon us. Over the past week or so, the mainstream media has been filled with chatter about the possibility of a financial collapse and what that would mean for the Trump campaign in 2020, and we continue to get more evidence on a daily basis that economic activity really is decelerating. All of the numbers are pointing in the same direction, and I am going to share some brand new figures with you in this article. But first, I want to address what Morgan Stanley just released to the public. In a note that was just published, Morgan Stanley’s chief economist unequivocally stated that “the wheels for a slowdown are in motion”…
When “too big to fail” banks throw in the towel and start warning of “a global economic crisis”, that is a really bad sign.
But let’s give Morgan Stanley some credit for at least trying to be honest. The economic numbers have progressively gotten worse, and we just learned that domestic shipments of RVs are down a whopping 20 percent so far in 2019. The RV industry is considered to be “a great bellwether of the economy”, and right now it is screaming that a recession is coming. Meanwhile, more bad news continues to come out of the real estate sector, and it turns out that even wealthy people are now “pulling back” from buying homes… Of course whenever I start bringing up numbers like these, some skeptics point to the employment statistics as “proof” that things really aren’t so bad. Well, it turns out that those employment numbers were wildly inaccurate. In fact, the Labor Department just admitted that the U.S. actually has 501,000 less jobs than they previously thought… An error of more than half a million jobs is colossal, and it is going to make it more difficult for us to have faith in the “official numbers” that they give us in the future. In the end, it turns out that all of those glowing headlines about U.S. employment in 2018 were grossly overstated. If these revised numbers are accurate, then job growth was just barely keeping up with population growth in 2018, and of course we have started to see the employment numbers begin to deteriorate in recent months.
The U.S. economy has defied the laws of economics for an extended period of time, but now all of our mistakes are catching up with us, and the economic collapse that is ahead is going to be very painful.
Unfortunately, a lot of the so-called “experts” will continue to deny the obvious even when it is staring them in the face, and this is going to result in a tremendous amount of confusion among ordinary Americans as our nation spirals into a terrifying economic collapse.
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