But despite everything that has already happened, Fed officials are telling us that âmultiple rate hikesâ may still be necessary. Is this some kind of a sick joke?
The following report is by Michael Snyder for End of the American Dream:
When the U.S. consumer is in healthy financial shape, the outlook for the U.S. economy is generally positive. But just like we witnessed prior to the Great Recession of 2008 and 2009, when the U.S. consumer is not in healthy financial shape, bad things tend to happen.
Unfortunately, the numbers are telling us that current conditions are eerily similar to what we experienced during the run up to the Great Recession. Households donât have enough money coming in, debt levels are soaring, delinquency rates are rising, and tens of millions of us are just barely scraping by from month to month…
