Lets get one thing straight. The U.S. economy crashed in 2008 and never recovered since. The amount of Americans out of work (95,000,000+) alone prove just that, yet we’re told a second recession is coming. Since we never recovered, this statement essentially means the second wave of the crash is coming. If you’re wondering why the normally-thought-of ensuing chaos hasn’t happened after the crash, it’s because America is in the free-fall phase. Simply put: The chaos doesn’t ensue until impact at the bottom. Those who see the free-fall are making preparations to take cover and those who are blissfully unaware will continue to remain blissfully unaware.
The moral of the story is: If anyone you know or talk to ever asks you when the economy is supposed to crash, tell them 2008.
LONDON (Reuters) – The outlook for the global economy next year is darkening, with a U.S. recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi. Continue reading