11 Reasons Why So Many Experts Believe That A U.S. Economic Crisis Is Imminent
by Michael Snyder
TheEconomicCollapseBlog.com
August 19, 2019
The numbers are telling us that we have never been closer to the next recession than we are right now. The storm clouds that were gathering on the horizon are now directly above us, and suddenly the mainstream media is filled with stories about when the next recession will begin and the effect that this may have on President Trump’s chances of winning in 2020. In fact, there has been so much chatter about this that even President Trump is talking about it. All over television, experts are breathlessly speculating about when the coming recession will begin, and they are dispensing lots of advice about how people should be preparing for it.
So what evidence has led so many of these talking heads to come to such a conclusion?
Well, the following are 11 reasons why so many experts now believe that a U.S. economic crisis is imminent…
#1 Last week, the “spread between the U.S. 2-year and 10-year yields” turned negative for the very first time in 12 years. An inversion of the yield curve has occurred prior to every single U.S. recession since the 1950s, and this is one of the most important economic signals that we have seen yet.
#2 U.S. consumer sentiment just fell to the lowest level that we have seen in all of 2019.
#3 74 percent of the economists surveyed by the National Association for Business Economics believe that a recession will begin in the United States by the end of 2021.
#4 U.S. industrial production just slipped back into contraction territory.
#5 The IHS Markit Manufacturing Purchasing Managers’ Index just fell to the lowest level that we have seen since September 2009.
#6 Just like we witnessed in 2008, fear and volatility have returned to Wall Street in a major way. In fact, so far this month we have already seen the 4th
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