As housing in the US has become increasingly unaffordable over the past few years, the number of people experiencing homelessness surged to its highest level on record this year, according to an annual survey taken in January. Wall Street is sounding the alarm about the U.S. economy, with a number of banking experts predicting the country is headed for recession. JPMorgan CEO Jamie Dimon Warns of America’s ‘Sugar High’ of $33 Trillion in Debt, Urges Immediate Attention Moody’s has downgraded credit ratings for several small to mid-sized U.S. banks, with warnings of potential downgrades for larger lenders, citing credit strength challenges due to funding risks and weaker profitability. Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. The Biden administration is like a drunk on a bender. The federal government won’t stop spending money until the country is flat broke and so deep in debt that the U.S. economy bottoms out and it is forced to sober up.US homelessness hits highest level as rents have soared
Wall Street Sounds the Alarm About US Economy
JPMorgan CEO Jamie Dimon Warns of America’s ‘Sugar High’ of $33 Trillion in Debt, Urges Immediate Attention
‘Recession Is On The Horizon’ As Moody’s Spells Doom
Why Americans feel gloomy about the economy despite falling inflation and low unemployment
Moody’s Slashes US Credit Rating Outlook to Negative: ‘Significantly Weakening’
ECONOMYadmin.ws2018-06-13T20:28:50-05:00
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