Image source: Pixabay
The data continues to pour in showing U.S. consumers have indeed hit the wall. Spending is down according to a variety of sources, including the latest update on retail sales for May. There is also a growing body of evidence indicating there is more weakness to come starting with summer vacations. All this indicates the chances of a full-blown recession are rising sharply.
Video Length: 00:15:56
More By This Author:
China's Housing Market Is Starting To Crack Rapidly (What You Need To Know)Americans Confidence In The Economy Is Declining Rapidly
The Jobs Market Is On The Brink
Comments
Log in or sign up to join the conversation.