WARNING: Hard Landing is coming for the US Economy

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Major network news continues to spout the narrative that the economy is good. Whether they’re sharing harrowing statistics about inflation, credit card debt, layoffs, or immigration, they always seem to put a positive spin on otherwise bad news.

But all you have to do is look at the data… things are not looking good in the US economy.

It’s looking like the Fed won’t be ratcheting down rates by a significant measure anytime soon. So many Americans are holding onto hope for lower rates before they can do things like buy a home, invest, or upgrade their vehicle.

And even though recent reports have shown that inflation is beginning to cool, the prices of everything from housing and groceries is still through the roof. Americans’ pockets are hurting, and things aren’t looking up. As long as inflation runs higher than the Fed would like, those interest rates are staying put. And even if we do see lower rates in the second half of 2024, any potential decrease is unlikely to be significant. The days of interest rates below 5% are sadly gone.

To make matters worse, Americans are drowning in credit card debt. Americans’ total credit card debt reached an all-time high of $1 trillion dollars. Sadly, many people are caught in a vicious cycle, and high interest rates are keeping them locked into a state of perpetual economic hardship.

Meanwhile, illegal immigrants are entering the country in droves. Over 7 million have entered the country during Biden’s tenure. And if the current rate doesn’t decrease, 2024 is looking to be the worst year ever for illegal immigration. Already struggling cities are being overburdened by this crisis.

So if you’re believing this narrative by major news networks that Bidenomics is working…. Think again.

Economic analyst and financial writer David Morgan is warning of a looming global depression. He said, “we are entering into a global depression the likes of which the world has never seen.”

We’re seeing persistent inflation, an affordable housing crisis, record rates of illegal immigration, and massive job cuts, to name a few… it’s time to brace for this hard landing.

There’s never been a worse time to be saddled by credit card debt, especially with these big companies that are charging outrageous interest rates.
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