The economy is imploding: A 50 year record is shattered as US consumer is devastated.

This Can’t Be Good
June 8 (King World News) – Steph Pomboy:  I was just checking to see when the Citi Eco Surprise Index had last deteriorated as rapidly as it has in the last 7 weeks (-113pts). The precedents aren’t good.

WATERFALL COLLAPSE:
Citi US Economic Surprise Index Collapsing!

Brother, Can You Spare Some Credit?
The Daily Shot:  US revolving credit balances (credit cards) are now above the pre-COVID peak.

Revolving Credit Card Debt Has Now
Surged Above Pre-COVID Peak!

US Consumer Imploding
Charlie Bilello:  How is US consumer spending holding up despite inflation outpacing wage gains for 13 straight months?

1) Americans are saving less: 4.4% savings rate at lowest levels since 2008.
2) Americans are borrowing more: 7.5% increase in credit over the past year is largest since 2011.

Largest Increase In Credit Card Debt Since
Post-Financial Collapse (2011)!

US Personal Savings Rate Has Collapsed
All The Way Below 2009 Level

When Do They Admit We’re Already In A Recession?
Charlie Bilello:  In a new Wall Street Journal-NORC poll, 35% of Americans said they were not satisfied at all with their present financial situation, the highest level of dissatisfaction recorded since the poll began in 1972.

HIGHEST SINCE SURVEY BEGAN IN 1972:
All-Time Record 35% Of Americans
“Not At All Satisfied” With Their
Present Financial Situation

JUST RELEASED: This Global Crisis Will Cause Governments To Topple And Chaos To Ensue CLICK HERE.
JUST RELEASED: This Is How Bad Things Have Become, Plus Silver Bull Ready To Emerge CLICK HERE.
JUST RELEASED: PUBLIC PANIC: Recent Record Panic Selling In Stocks Broke Record CLICK HERE.
JUST RELEASED: LAST TIME THIS HAPPENED GOLD ROCKETED: Market Liquidity Now Approaching 2020 Collapse Lows CLICK HERE.
JUST RELEASED: Fear Is Building As This Setup Brought Down Bear Stearns & Lehman In 2008 Collapse CLICK HERE.
JUST RELEASED: The New World Order Will Be Backed By Gold CLICK HERE.

***To listen to Michael Oliver discuss the carnage in global markets, fiat currencies being on the verge of collapse as well as what to expect for the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.

***To listen to Alasdair Macleod discuss the collapsing global economy and crack-up boom CLICK HERE OR ON THE IMAGE BELOW.

© 2022 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.