The #us is doing *just fine* - don't look at the #irs coming for the #workingclass https://www.zerohedge.com/markets/so-muc.. Expect a #us #recession coming soon. In the #stateoftheunion address we saw a heavy #focus on the #economy , something *many* #americans will be really #concerned about right now.
Like the #uk , #businesses in the #us are already #reporting #bankruptcy at 2010 levels: https://www.zerohedge.com/markets/start-.. It's already higher than 2008, and we've not even entered into #recession yet. Things are going to get super rough will quick.
More on the #recession , #france have raised #retirement to 64, causing #protests https://www.zerohedge.com/markets/france.. They should think themselves lucky, in the #uk it is *68* - the #nhs is so shit most of us won't reach that age. We will literally #die standing on our feet. No idea why we bother paying into #pension , at this point it just feels like another #tax .
Looks like the #uk 's #boe raised 50bps: https://www.zerohedge.com/markets/pound-.. The #eu 's #ecb also raised 50bps: https://www.zerohedge.com/markets/ecb-hi.. There's going to be even more to come too. #recession is around the corner.
Looks like #business #insolvencies in the #uk have risen 57% in 2022: https://www.zerohedge.com/personal-finan.. How on earth people believe the #recession is not coming is simply beyond me.
People are #celebrating the #eu missing a #recession far too early: https://www.zerohedge.com/economics/euro.. #germany and #italy, the 1st and 3rd largest #economies in the #eu have #negative #growth ... They are far from out of the woods just yet. I think the #imf are *very* wrong on their #prediction.
Looks like #japan might be about to bring this whole #houseofcards down by losing control of their #government issued #bonds https://www.zerohedge.com/markets/jim-gr.. If they do they will experience complete and utter economic collapse, and likely trigger a *real* #global #recession .
Looks like the #bank of #japan are having some serious issues with controlling their #bond #market https://www.zerohedge.com/markets/boj-lo.. Also here: https://web.archive.org/web/202301130212.. It has significantly crashed against the #us #dollar , it could be the first signs of a coming #recession .
Looks like #tech giant #supermicro may be about to #die in the coming #recession , with the majority of their #revenue relying on #facebook https://lowendbox.com/blog/supermicro-is.. When the #recession kicks off #facebook will likely cut-back on #server #purchases .
According to the #imf , a third of the world is about to go into #recession *just keep #inflation under control:* https://www.zerohedge.com/markets/imf-he.. Things are about to get ultra shit, that doesn't even account for #interest on the #pandemic #loans , or #fractionalreserves invisible money.
It's *madness* that the #nhs is costing so much and is doing so little: https://youtube.com/watch?v=77Vxy6DrqVc The entire #covid #lockdown was to "save the #nhs " - now look at it. The incoming #recession is the direct result and the #nhs is *fucked.* Try to get a #dentist or #gp #appointment . The *ONLY* way to get proper care right now is via #private #health #providers .
Well, this could be a growing problem... #nuclear #reactors around the #world are getting quite old, with the #us #reactors having an average age of 41.6 years: https://www.zerohedge.com/energy/us-nucl.. During an #energy #crisis and #economic #recession , one could see there being an attempt to keep the #nuclear #reactors going far beyond their #safe #limit .
Yeah, #history says that this #recession and #inflation will last a *long* time: https://www.zerohedge.com/markets/what-h.. #politicians are mostly #promising that some immediate #sacrifice will make things easier in the near #future , but this simply isn't true.
Looks like #china 's #ccp are really in trouble now: https://www.zerohedge.com/geopolitical/b.. The value of their #currency is dropping rapidly, and they have few options available. Let alone their #property #market and #mortgages under massive pressure. An #recession will almost definitely follow now.
#recession #inbound https://www.zerohedge.com/geopolitical/r.. Maybe we get to start the #newyear with a #global #financial #crisis ? Looking forward to it! On the plus side, it would mean we can start our #recovery .
Interesting, the #us #federal #reserve are trying to #spend their way out of a #recession https://www.zerohedge.com/markets/perfec.. This won't work well. As a result the #mortgage #rates are at a *30 year high* - it was cheaper to get a #mortgage during the 2008 #financial #crisis ! Absolutely madness.