Are you deeply struggling right now? If so, I want you to know that you are not alone.
Posted BY: | NwoReport
The things that I am about to share with you are not meant to be depressing. Rather, I hope that you will be encouraged to see that there are countless others in the exact same boat. Over the past few years, the cost of living has been rising much faster than paychecks have, and this has put enormous financial pressure on millions of American families. In some cases, families are dealing with extreme financial stress even though both parents are working good jobs. Virtually everything has become substantially more expensive, and so our money is not going nearly as far as it once did.
Unfortunately, the mainstream media keeps telling us that everything is just fine.
They keep telling us that we should stop our whining because we haven’t “officially” entered a recession yet.
But Deutsche Bank says that one is coming. In fact, analysts at the bank are now warning that there is a 100% chance that the U.S. is heading into one…
Odds of a U.S. recession have been hotly debated with the labor market and consumer spending showing resiliency even after some of the most aggressive interest rate hikes in history. But Deutsche Bank sees a 100% probability the U.S. will have one.
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If you want someone to blame, Deutsche Bank says that we should blame our policymakers, because they created the “boom-bust cycle” that we are currently experiencing…
“The U.S. is heading for its first genuine policy-led boom-bust cycle in at least four decades,” he writes.
“The inflation we see was induced largely by expansive fiscal and monetary policy, and the aggressive rate hikes needed to tame that have now materialized. Avoiding a hard landing would be historically unprecedented.”