11 Signs That The Economic “Tipping Point” That Everyone’s Been Waiting For Has Arrived

How bad do things have to get before people start realizing that we are in the midst of a full-blown economic crisis?

The “experts” on television are endlessly debating about whether or not we are going to have a “recession” this year, and meanwhile economic activity is imploding all around us.  The number of homes being sold in this country each month has already fallen by a third.  The number of job cuts in November was 417 percent higher than it was during the same month a year earlier, and at this point even Amazon is laying off thousands of workers.  The Federal Reserve has declared war on inflation, but prices continue to spiral out of control.  In fact, vegetables are 80 percent more expensive now than they were 12 months ago.  Meanwhile, the financial markets continue to plunge.  A third of the value of the Nasdaq has already been wiped out, and more than two-thirds of the value of all cryptocurrencies is already gone.

After everything that has already transpired, everyone should be able to clearly understand what is happening.

So many people have been waiting for an economic nightmare to come, but the truth is that it is already here.

The following are 11 signs that the economic “tipping point” that everyone has been waiting for has now arrived…

#1 U.S. manufacturing is declining at the fastest pace that we have seen since the early days of the COVID pandemic…

The S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) fell at the fastest rate since May 2020 in December, a continuing sign that the manufacturing sector is on the decline, S&P Global reported Tuesday.

The U.S. Manufacturing PMI posted a 46.2 in December, down from 47.7 in November and solidly below 50, which signals that the sector is contracting, according to S&P Global. Production levels contracted in back-to-back months, with new sales plummeting at the end of December at the fastest pace since 2007, as companies cited weakening demand amid “economic uncertainty” and inflation weighing on customers.

#2 U.S. services PMI has now fallen for sixth months in a row.- READ MORE