60 Percent Of Americans Believe A Recession Is Coming – But Consumers Continue To Pile Up Debt At A Frightening Pace

When you really don’t have any real wealth of your own, you are essentially living paycheck to paycheck, and a single major setback can be absolutely disastrous.

In America today, financial difficulties are one of the biggest reasons why so many of us are completely stressed out, and the next recession hasn’t even officially begun yet.

But with each day we continue to get more numbers that tell us that big trouble is on the way. For example, we just learned that the U.S. lost 4,500 trucking jobs last month

The trucking industry has been battling challenging circumstances so far in 2019 – which includes the loss of thousands of positions last month.

According to data from the Bureau of Labor Statistics, the industry lost 4,500 jobs between July and August.

And of course, trucking companies continue to go bankrupt at a staggering pace. According to Business Insider, more than 600 trucking companies have already gone bankrupt so far this year…

Indicators from the trucking industry have been sour in 2019. In the first half of the year, around 640 trucking companies went bankrupt, according to industry data from Broughton Capital LLC. That’s more than triple the number of bankruptcies from the same period last year — about 175.

Sometimes people think that I exaggerate when I warn people about what is coming. But the truth is that I am not exaggerating at all. If anything, I feel frustrated that I am not able to effectively communicate how bad it will actually be when things start to get really crazy.

As a nation, we have been making incredibly bad decisions for decades, and we have been running in the exact opposite direction of where we should be headed as fast as we can.

In life, all decisions have consequences, and we are going to pay an extraordinarily high price for our exceedingly foolish decisions.

For the moment, things are relatively quiet. But that quietness will not last for much longer.

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IB Trading 1 week ago Member's comment

People have been saying there would be a recession for years. Why is now any different?