28 Signs Of Economic Doom As The Pivotal Month Of September Begins

By Michael Snyder,

Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now.  Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”.  After several years of relative economic stability, things appear to be changing dramatically for the U.S. economy and the global economy as a whole.  Over and over again, we are seeing things happen that we have not witnessed since the last recession, and many analysts expect our troubles to accelerate as we head into the final months of 2019.

We should certainly hope that things will soon turn around, but at this point that does not appear likely.  The following are 28 signs of economic doom as the pivotal month of September begins…

#1 The U.S. and China just slapped painful new tariffs on one another, thus escalating the trade war to an entirely new level.

#2 JPMorgan Chase is projecting that the trade war will cost “the average U.S. household” $1,000 per year.

#3 Yield curve inversions have preceded every single U.S. recession since the 1950s, and the fact that it has happened again is one of the big reasons why Wall Street is freaking out so much lately.

#4 We just witnessed the largest decline in U.S. consumer sentiment in 7 years.

#5 Mortgage defaults are rising at the fastest pace that we have seen since the last financial crisis.

#6 Sales of luxury homes valued at $1.5 million or higher were down five percentduring the second quarter of 2019.

#7 The U.S. manufacturing sector has contracted for the very first time since September 2009.

#8 The Cass Freight Index has been falling for a number of months.  According to CNBC, it fell “5.9% in July, following a 5.3% decline in June and a 6% drop in May.”

#9 Gross private domestic investment in the United States was down 5.5 percentduring the second quarter of 2019.

#10 Crude oil processing at U.S. refiners has fallen by the most that we have seen since the last recession.

#11 The price of copper often gives us a clear indication of where the economy is heading, and it is now down 13 percent over the last six months.

#12 When it looks like an economic crisis is coming, investors often flock to precious metals.  So it is very interesting to note that the price of gold is up more than 20 percent since May.

#13 Women’s clothing retailer Forever 21 “is reportedly close to filing for bankruptcy protection”.

#14 We just learned that Sears and Kmart will close “nearly 100 additional stores”by the end of this year.

#15 Domestic shipments of RVs have fallen an astounding 20 percent so far in 2019.

#16 The Labor Department has admitted that the U.S. economy actually has 501,000 less jobs than they previously thought.

#17 S&P 500 earnings per share estimates have been steadily falling all year long.

#18 Morgan Stanley says that the possibility that we will see a global recession “is high and rising”.

#19 Global trade fell 1.4 percent in June from a year earlier, and that was the biggest drop that we have seen since the last recession.

#20 The German economy contracted during the second quarter, and the German central bank “is predicting the third quarter will also post a decline”.

#21 According to CNBC, the S&P 500 “just sent a screaming sell signal” to U.S. investors.

#22 Masanari Takada is warning that we could soon see a “Lehman-like” plungein the stock market.

#23 Corporate insiders are dumping stocks at a pace that we haven’t seen in more than a decade.

#24 Apple CEO Tim Cook has been dumping millions of dollars worth of Apple stock.

#25 Instead of pumping his company’s funds into the stock market, Warren Buffett has decided to hoard 122 billion dollars in cash.  This appears to be a clear indication that he believes that a crisis is coming.

#26 Investors are selling their shares in emerging markets funds at a pace that we have never seen before.

#27 The Economic Policy Uncertainty Index hit the highest level that we have ever seen in the month of June.

#28 Americans are searching Google for the term “recession” more frequently than we have seen at any time since 2009.

The signs are very clear, but unfortunately we live at a time when “normalcy bias” is rampant in our society.

If you are not familiar with “normalcy bias”, the following is how Wikipedia defines it…

The normalcy bias, or normality bias, is a belief people hold when considering the possibility of a disaster. It causes people to underestimate both the likelihood of a disaster and its possible effects, because people believe that things will always function the way things normally have functioned. This may result in situations where people fail to adequately prepare themselves for disasters, and on a larger scale, the failure of governments to include the populace in its disaster preparations. About 70% of people reportedly display normalcy bias in disasters.[1]

For most Americans, the crisis of 2008 and 2009 is now a distant memory, and the vast majority of the population seems confident that brighter days are ahead even if we must weather a short-term economic recession first.  As a result, most people are not preparing for a major economic crisis, and that makes us extremely vulnerable.

In 2008 and 2009, the horrible financial crisis and the bitter recession that followed took most Americans completely by surprise.

It will be the same this time around, even though the warning signs are there for all to see.

About the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared NowThe Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse BlogEnd Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

 

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9 thoughts on “28 Signs Of Economic Doom As The Pivotal Month Of September Begins”

  1. Recession is in the air and people will soon pull out stocks and invest in gold. I already bought 3 PAMP gold bars from Bullion Exchanges… I am looking forward to invest in silver as well https://bullionexchanges.com/buy-gold/bars/pamp-suisse-gold

    Reply
    • I agree with Nicole. Myself too, bought metals since the summer of 2019. It’s never too early to invest and never too late as well.

      Reply
  2. The economy is already collapsed. No home to live in that is move in ready unless u pay 1000 a month. It is all on purpose. How bad it is. Groceries: everything is 5 dollars. They collapse again, …is to murder by no home, even no food. And to do it where we are scared to death. Deddos need to be under arrest –all in gov. Who strive to lie and keep up the bad work. They can straighten the economy with a snap of their fingers. True high wages = healthy business = healthy stock market = permanent surplus. But No one ever had a big business not controlled by soulless dark state who has always been above money. If I were them i would do right.

    Reply
  3. Please understand Your leaders don’t work for You. Now Gods Money will never fail You. Become Your own Central Bank because Gods Money Can only be made by him accepted World wide No electricity or iNet needed. It will never go to Zero. You will never see Gold or Silver this low ever again. The 3rd seal is opened. If You don’t Hold it You don’t own it. Governments will confiscate or take over all mines as they become banks once again. Stay away from all paper and electronic crap.

    Reply
  4. I agree with Greg. This site averages one economic destruction article every week.

    I mean, come on! We have all been waiting for Sears and Kmart to shut down for years.

    Reply
  5. Prepare for change has taken a dark turn with their fear mongering headlines. Its like those movies they show and how the mood changes simply by changing the music? Can’t believe I am going to have to remind Prepare for Change to be “mindful”? and to watch what you speak aloud? We are all waiting for positive change and those who observe those changes seem to have and attitude of doom and gloom rather than an “at last” sort of attitude as we all feel as though we have been in a loop. Troubling to is that the spiritual or awakened folk have all jumped on the Trump bandwagon trying to make him out as a liberator, with no evidence that is the case. If it walks like a duck, If it quacks like a duck, looks like a duck and says “hey! over here! I’m a Duck!, well it ain’t Jesus! (or St Germain)

    Reply
    • IF YOU PERCEIVE IT AS DOOM & GLOOM THEN PERHAPS YOU SHOULD RECONSIDER THE CONSEQUENCES AND FROM WHERE YOU MIGHT PERCEIVE SUCH A CONCEPT. ACTUALLY WE BRING TRUTH AND PREACH GLORY, TRANSITION UNTO LIGHT, RADIANCE & KNOWLEDGE–BALANCE AND HARMONY.

      Only the truth can liberate mankind…not only meditation & prayer. Isaiah 5:13, “My people are gone into captivity, BECAUSE THEY HAVE NO KNOWLEDGE: and their honorable men ARE FAMISHED, and THEIR MULTITUDE dried up with thirst”

      God has said that in the End Times will come THE WORD (The Truth) to the four corners of the world so that each soul could decide his/her own course toward, or away from divinity based upon TRUTH. “And you shall know the truth and the truth shall make you free” ~ John 8:32

      APOCALYPSE (noun): The Greek word ‘Apocalypse’ actually means to ‘uncover, reveal or unveil’ the truth that has been ignored, forgotten, misinterpreted and misunderstood, and the phrase ‘apokalupsis eschaton’ literally means ‘revelation at the end of the eon or age’

      Far from being a horrible experience the ‘End Times’ or ‘Apocalypse’ means the ‘Lifting of The Veil’ or ‘Revelation’…A disclosure of something hidden from the majority of mankind in an era dominated by falsehood and misconception, the ‘Revealing of the Nature of Things’. It ushers and era of forgotten freedoms and unprecedented clarity. This ‘Lifting of The veil’ will set us free from the misery that has been the result of ignorance!

      So God has send his messengers to present that TRUTH and this is one of the ways he has chosen to present it, this are compilation of information already available on earth, researched and compiled by others and destined for those who truly want to SEE & HEAR!

      As man comes agin into the understanding of God and Creation he will automatically begin to turn again into Truth and Love; He will do this by recognizing the errors and lies thrust upon him so that he can understand that portion of his actions and beliefs that have led him astray in the first place.

      Aho! In reverence To Our Father Source!

      Reply

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