September 5, 2022
A Massive Economic Storm Is Already Overhead And Nobody Seems To Notice
When ominously dark clouds roll in on a hot afternoon driven by a stiff wind, it doesn’t take a crystal ball to know a storm is coming. Yet the economic equivalent is already overhead, and no one seems to notice.
Many people are worried about the economy, and rightly so. Investors looking to the stock market have no sense of direction as major indices and commodity prices fluctuate violently. Potential homebuyers and existing homeowners alike are seeing the housing market in freefall. Workers can find jobs, but it is difficult to find work where the pay keeps up with inflation.
While all the above are troubling, they are not the scariest harbinger today for a worsening recession.
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