#18 A lot of other big names are telling CNBC that they expect a significant stock market “correction” very soon as well…A bevy of high-profile names have warned lately that the market is on the doorstep of a major move lower.#6 The labor force participation rate for Americans from the age of 25 to the age of 29 has fallen to an all-time record low.#7 According to official government numbers, everyone is unemployed in 20 percent of all American families. household debt has increased for three quarters in a row.#20 Poverty continues to grow all over the country, and right now there are 49 million Americans that are dealing with food insecurity.
#19 The number of Americans enrolled in the Social Security disability program exceeds the entire population of the nation of Greece and has just hit another brand new record high.
#1 Despite endless assurances from the Obama administration that we are in an “economic recovery”, the number one concern for U. voters is “Unemployment/Jobs” according to a recent Gallup survey. Next week, it’s expected to announce dismal fiscal first quarter results and possibly yet more store closings.
Analysts seem puzzled as to why Wal-Mart is “underperforming“. They’re basically completely irrelevant.” The “retail apocalypse” just continues to roll on, but the mainstream media is treating this like it is not really a big deal.
This could then be bad enough to close primary markets, and thus push us into a credit crisis.
#17 Peter Boockvar, the chief market analyst at the Lindsey Group, is warning that the U. stock market could experience a 20 percent decline once quantitative easing completely ends.