If you thought that the economic news was crazy during the first half of 2022, just wait until we get to the second half. So many of the problems that we are experiencing now are going to continue to intensify, and Americans are becoming more pessimistic about economic conditions with each passing day. In fact, as you will see below, a whopping 85 percent of us believe that it is “very likely” or “somewhat likely” that the economy will go through a recession at some point during the next year. Of course the truth is that if all we have to suffer through is a “recession”, we would be extremely fortunate. Our leaders have lost control of the economy, and many of us are extremely concerned about what is coming next. The following are 12 nightmarish economic trends that we should expect to see during the second half of 2022…
“to make room for double-digit pricing”… Gas prices will continue to surge higher, and many Americans will be shocked by how high they eventually go. If you can believe it, in Washington State at least one gas station has now reprogrammed their gas pumps
Supplies of fuel will continue to get even tighter in the months ahead. Earlier today, I heard from a reader on the east coast and a reader in the middle of the country that both said that diesel is now being rationed where they live. So far, I have not been able to confirm that this is happening on a widespread basis.
is particularly at risk… We are being warned that there could be extended blackouts in some parts of the nation during the summer months. It is being reported that the middle of the country
that are absolutely insane… Everyone pretty much agrees that food prices will continue to rise. Of course they have already reached levels
I don’t know about you, but I don’t ever see myself paying 34 dollars for an order of chicken wings.
is just a preview of coming attractions… As our supply chains endure even more stress, shortages will continue to intensify. The extreme baby formula shortage that we are witnessing right now
has already more than doubledMore than 23 million people are experiencing extreme hunger in Ethiopia, Somalia and Kenya, according to a new report by Oxfam and Save the Children. That’s up from over 10 million last year. The UN is telling us that we are heading into the worst global food crisis since World War II. In some parts of Africa, the number of people suffering from “extreme hunger”
in Sri Lanka give us an indication of what may be coming… Widespread hunger will almost certainly lead to more civil unrest. Recent events
“some pain” in the months ahead… The Federal Reserve is likely to continue to aggressively raise interest rates. In fact, Fed Chair Jerome Powell is openly admitting that his institution’s battle against inflation could cause
for three months in a row… Higher interest rates will be devastating for the housing market in the United States. And that is very troubling news, because home sales have already fallen
are really starting to surge… Defaults are likely to continue to rise higher. Just like we saw right before the last financial crisis, defaults on subprime loans
a four month high. As the economy slows down, we should expect layoffs to increase and jobless claims will eventually start to spike. In fact, we just learned that they have now hit
nearly fallen into bear market territory, and many believe that what we have witnessed so far is just the beginning. Needless to say, all of this bad economic news is going to be really bad for stock prices. The S&P 500 has already
85 percent of Americans believe that it is “very likely” or “somewhat likely” that there will be a recession at some point in the next year… Many are warning that a recession is either already here or will arrive soon. And Americans are increasingly becoming more pessimistic about the economy. One survey that was recently conducted found that
The sort of historic economic meltdown that I have been warning about for years is rapidly approaching, and the mood of the nation will dramatically shift as conditions greatly deteriorate.
Already, we are starting to see a tremendous amount of anger out there. Earlier today, I came across the following post on a very popular Internet discussion forum…
I can understand her anger.
Most Americans are working as hard as they can, but our standard of living is being systematically destroyed by the very foolish policies of our leaders.
Unfortunately, we are still only in the very early chapters of this crisis.
It looks like the second half of this year will be even more challenging than the first half, and that is going to have enormous implications for all of us