12 Numbers That Show That We Are Getting Dangerously Close To An Economic Crash As The Fall Of 2022 Approaches – Investment Watch

by Michael

You’ve heard me say it time and again.  What we’re witnessing proper now jogs my memory a lot of 2008, and all of us bear in mind what occurred within the fall of 2008.  That doesn’t imply that this new disaster will unfold precisely the identical means that the final one did.  In the end, each financial downturn is exclusive.  However the truth that we’re seeing so many parallels between what’s transpiring now and what transpired 14 years in the past ought to deeply alarm all of us.  We look like on the precipice of one other financial crash, and all the “options” that our leaders give us simply appear to make issues even worse.

Hopefully somebody on the market can discover a approach to pull a miracle out of a hat and a worst case state of affairs will be averted.

However I wouldn’t rely on that occuring.  The next are 12 numbers that present that we’re getting dangerously near an financial crash as the autumn of 2022 approaches…

#1 The federal government is telling us that the unemployment price solely went as much as 3.7 % in August.

#2 In response to John Williams of shadowstats.com, if sincere numbers have been getting used the true price of unemployment in america could be over 24 %.

#3 About half of all U.S. corporations say that they are going to be eliminating jobs throughout the subsequent 12 months.

#4 The federal government is telling us that the inflation price in america is simply 8.5 %.

#5 In response to John Williams of shadowstats.com, if the speed of inflation was nonetheless calculated the way in which that it was again in 1980, the true price of inflation could be someplace round 17 % proper now.  That’s worse than something that we skilled in the course of the Jimmy Carter period.

#6 At one firm, the variety of Individuals taking out short-term loans for groceries has practically doubled this yr.

#7 One out of each 5 dwelling sellers in america dropped their asking value final month.  That is extra proof that dwelling costs are beginning to quickly transfer in a downward course.

#8 Gross sales of previously-owned properties have been about 20 % decrease this July than they have been final July.

#9 One latest survey discovered that 3.8 million Individuals imagine that they might be evicted from their properties throughout the subsequent two months.

#10 In response to the Nationwide Power Help Administrators Affiliation, roughly 20 million U.S. households are at present behind on their utility payments.

#11 The Dow Jones Industrial Common has fallen for 3 weeks in a row.  We additionally witnessed this type of a gradual slide simply previous to the massive crash of 2008.

#12 In August, a whopping 2,150 company executives offered off shares of their corporations.  Are they making an attempt to money in whereas they nonetheless can?

Gustavo Arnal was one of many company executives that not too long ago offered off giant quantities of inventory.

Now he’s useless…

The person who jumped to his demise from the 18th ground of the well-known ‘Jenga’ tower in decrease Manhattan’s Tribeca neighborhood Friday has been recognized as a Mattress Tub & Past govt.

Gustavo Arnal, 52, was the Chief Monetary Officer of Mattress Tub & Past, an organization that has been going by struggles of late resulting from excessive inflation and a sagging financial system. The corporate introduced plans to shut 150 shops, of its roughly 900, and lay off 20 % of workers simply two days earlier than Arnal’s demise.

He reportedly offered over 42,000 shares within the firm, oft-identified as a ‘meme inventory’, for $1million simply over two weeks in the past, in keeping with MarketBeat.com.

It seems that Arnal was concerned in a “pump and dump” scheme, and he could have determined that he didn’t wish to spend a lot of the remainder of his life locked away in jail…

The manager vp and chief monetary officer of Mattress Tub & Past who plunged to his demise from the 18th ground of a New York Metropolis skyscraper on Friday was the topic of a class-action lawsuit alleging that he and majority shareholder, GameStop Chairman Ryan Cohen, had artificially inflated the corporate’s worth in a “pump and dump” scheme.

Gustavo Arnal, 52, and Cohen, are listed as defendants within the class-action lawsuit filed final month in america District Court docket for the District of Columbia.

Sadly, I believe that we’ll see fairly a number of extra folks leaping off of buildings earlier than this entire factor is over.

In fact most Individuals would by no means do such a factor.

Most Individuals will simply undergo by no matter comes at the same time as their lifestyle is being systematically destroyed.

For instance, CNN not too long ago interviewed one younger mom that couldn’t even afford to purchase a backpack for her preschooler…

As Sarah Longmore completed her back-to-school buying, the mom of 5 checked out a $25 backpack for her preschooler. Hovering inflation had crunched the household’s finances, and she or he determined her daughter might make do with a hand-me-down. She put the backpack again.

Sadly, she isn’t alone.

In truth, one latest ballot discovered that solely 36 % of all dad and mom will “be capable to pay for every part their youngsters want this faculty yr”…

Simply 36% of oldsters mentioned they might be capable to pay for every part their youngsters want this faculty yr, in keeping with Morning Seek the advice of’s annual back-to-school buying report. That’s down sharply from 52% in 2021, when inflation was decrease and stimulus checks plus advance baby tax credit score funds helped some households.

Are issues actually this dangerous already?

In that case, what’s going to situations seem like six months or a yr from now?

2023 is lower than 4 months away, and the stage has been set for an financial implosion of completely epic proportions.

Do you bear in mind the intense ache that our nation went by in 2008 and 2009?

Many imagine that what’s forward will likely be even worse.

The best debt bubble within the historical past of the world is beginning to burst, and central banks all around the globe are beginning to panic.

When you all the time wished to reside in “attention-grabbing” instances, you will get your want.

However for most individuals, the instances that we’re shifting into won’t be enjoyable in any respect.