by Michael Snyder, The Economic Collapse Blog:
Have you noticed it too? There has been a dramatic shift in the economy in recent days. It has been sudden and it has been severe. All over the country, sales are falling like a rock, inventories are piling up to alarming levels, and large companies are beginning to conduct mass layoffs. Perhaps it was inevitable that such a downturn would arrive, but the Federal Reserve has made things far worse by rapidly hiking interest rates. Every other time the Fed has engaged in such a rate hiking binge it has resulted in a recession, and there is no way that we are going to escape unscathed this time around. The following are 11 signs that economic activity is plunging off a cliff…
GOLD ROSE BY $2.95 TO $1677.75//SILVER WAS UP $.12 TO $20.74//PLATINUM WAS UP A STRONG $24.15 TO $981.50//PALLADIUM WAS UP $48.65 TO $1901.55//COVID UPDATES//VACCINE IMPACT//DR PAUL ALEXANDER//UKRAINIANS HIT THE KHERSON DAM WITH ONE MISSILE WITH SO AMOUNTS OF DAMAGE SO FAR//FRANCE’S BIGGEST GLASS MANUFACTURER DURALEX SHUTTING DOWN FOR 6 MONTHS BECAUSE OF HIGH ENERGY COSTS//FRANCE ALSO REPORTS LOWER NUCLEAR OUTPUT AND WARNS OF A HARSHER WINTER//ITALY REFUSES TO ALSO MIGRANTS TO ENTER ITS COUNTRY//PEPE ESCOBAR: A MUST READ!!//USA GREENLIGHTS ROCKETS TO FINLAND AND THAT WILL THOROUGHLY UPSET RUSSIA//COMCAST ANNOUNCES IT WILL BEGIN TO LAYOFF EMPLOYEES
As the city upgrades to 5G wireless, the streetscape is changing. Not everyone is impressed.
