“An Unavoidable Global Recession”: The Warnings Get Louder As Worldwide Economic Numbers Continue To Deteriorate

Economic numbers all over the world continue to get worse, and as you will see below, even New York Times columnist Paul Krugman is now warning of “an unavoidable global recession”. Unfortunately, most Americans still have absolutely no idea that this is happening. Most ordinary citizens are still under the impression that everything is going to be just fine, but the numbers suggest otherwise. The Baltic Dry Index just plummeted to the lowest level that we have seen in three years, and this is yet another indication that the global trade war is causing widespread economic pain. And according to Bloomberg, global economic growth has now dropped to the lowest level that we have seen since the Great Recession…

Trade War Causing Severe Pain As Farm Bankruptcies Surge Way Past The Level From The Last Recession

Farmers all across the middle part of the country are going bankrupt at an astounding rate, and over half of all farms in America are now losing money. The trade war with China has been the most devastating crisis to hit the U.S. farming community in decades, and at this point there is no end in sight. Farm after farm is being financially wiped out, and we haven’t seen this kind of economic pain for farmers since the Great Depression of the 1930s. In fact, it is being reported that bankruptcies in the key farming regions of the country are way above the level that we witnessed during the last recession. The following comes from Zero Hedge

Wild And Unprecedented Price Fluctuations Are Causing Financial Chaos For U.S. Businesses

In every war there is a high price to pay, and this trade war will not be any different. The normal flow of goods and services around the globe is being severely disrupted, and even though this trade war has barely just begun, it is already having an enormous impact on the U.S. economy. Even if we ultimately win this trade war and the Trump administration is able to achieve all of the goals that it is targeting, there will still be a great cost in the short-term. We are going to see businesses fail, we are going to see workers get laid off, and global economic activity will inevitably contract. Heck, at this point even Fox News is calling this trade war “economic suicide”. We live at a time when a delicately balanced formula of economic factors allows us to live a debt-fueled standard of living that is far beyond what we actually deserve. Now we are messing with that formula, and the consequences are likely to be far more severe than most Americans are anticipating.

The Trade War Is Already Having A Huge Impact On The U.S. Economy

The trade war has barely just begun, and yet significant ripple effects are already being felt all across the U.S. economy. Once thriving businesses are on the verge of failure, workers are being laid off, and some sectors of the economy are witnessing enormous price hikes. Right now the mainstream media is absolutely fixated on the drama surrounding the recently concluded Trump-Putin summit meeting, but the consequences of this trade war will ultimately be far more important for the lives of most ordinary Americans. As more tariffs continue to be implemented, this will perhaps be the biggest disruption to the global economic system that we have seen in decades. Perhaps you have not been affected personally yet, but for many Americans this trade war has changed everything. For example, just consider the plight of soybean farmer Tim Bardole