Finance

Recession looming

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The media continues to avoid discussing relevant issues regarding the current state of the economy. The economy over the past six months has been producing concerning numbers. Several factors that are concerning are from economiccollapseblog.com.

  1. Total business sales have fallen 5 percent since the peak in mid-2014.
  2.  Projections show that corporate earnings will be down 8.5 percent for the first quarter of 2016 compared to one year ago. This will be the fourth quarter in a row that we have seen year over year declines, and the last time that happened was during the last recession.
  3. S&P 500 earnings have now fallen a total of 18.5 percent from their peak in late 2014.
  4. Corporate debt defaults have soared to the highest level that we have seen since 2009.

The list actually stretches farther and to see more you can visit: http://theeconomiccollapseblog.com/archives/19-facts-that-prove-things-in-america-are-worse-than-they-were-six-months-ago

 

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