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Author Topic: 11 Facts That Prove That The U.S. Economy In 2017 Is In Far Worse Shape Than ...  (Read 157 times)
BADecker
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April 25, 2017, 07:25:41 AM
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11 Facts That Prove That The U.S. Economy In 2017 Is In Far Worse Shape Than It Was In 2016





It is being projected that U.S. economic growth for the first quarter will be close to zero, thousands of retail stores are closing, factory output is falling, and restaurants and automakers have both fallen on very hard times.  As economic activity has slowed down, commercial and consumer bankruptcies are both rising at rates that we have not seen since the last financial crisis.  Everywhere you look there are echoes of 2008, and yet most people still seem to be in denial about what is happening.  The following are 11 facts that prove that the U.S. economy in 2017 is in far worse shape than it was in 2016…

#1 It is being projected that there will be more than 8,000 retail store closings in the United States in 2017, and that will far surpass the former peak of 6,163 store closings that we witnessed in 2008.

#2 The number of retailers that have filed for bankruptcy so far in 2017 has already surpassed the total for the entire year of 2016.

#3 So far in 2017, an astounding 49 million square feet of retail space has closed down in the United States.  At this pace, approximately 147 million square feet will be shut down by the end of the year, and that would absolutely shatter the all-time record of 115 million square feet that was shut down in 2001.

#4 The Atlanta Fed's GDP Now model is projecting that U.S. economic growth for the first quarter of 2017 will come in at just 0.5 percent.  If that pace continues for the rest of the year, it will be the worst year for U.S. economic growth since the last recession.


Read more at http://theeconomiccollapseblog.com/archives/11-facts-that-prove-that-the-u-s-economy-in-2017-is-in-far-worse-shape-than-it-was-in-2016.


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December 05, 2017, 02:05:13 PM
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I believe currently the US economy is in a transition mode and they are trying to re-model themselves after the 2007 financial crisis but they wont be able to pull this off all the time.
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December 10, 2017, 07:27:58 PM
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Maybe the Democrats lost the 2016 presidential election on purpose. After what Obama did (really Congress but people think Obama) they don't want the blame for what will come from that. Then Trump could have come as a surprise when a Democrat should have won.
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