Recessionary Numbers Indicate U.S. May Be On Track for Massive Financial Collapse

Posted by on November 20, 2015 in Economy with 16 Comments

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Michael Snyder | The Economic Collapse

If the U.S. economy really is in “great shape”, then why do all of the numbers keep telling us that we are in a recession?  The manufacturing numbers say that we are in a recession, the trade numbers say that we are in a recession, and as you will see below the retail numbers say that we are in a recession.  But just like in 2008, the Federal Reserve and our top politicians will continue to deny that a major economic downturn is happening for as long as they possibly can.  In this article, I want to look at more signs that a dramatic shift is happening in our economy right now.


Related Article: The Economic Collapse Warning Sign You Need To Know

First of all, let’s consider what is happening to hedge funds.  For many years, hedge funds had been doing extremely well, but now they are closing up shop at a pace that we haven’t seen since the last financial crisis.  The following is an excerpt from a Business Insider article entitled “Hedge funds keep on imploding” that was posted on Wednesday…

BlackRock is winding down its Global Ascent Fund, a global macro hedge fund that once contained $4.6 billion in assets, according to Bloomberg’s Sabrina Willmer.

“We believe that redeeming the Global Ascent Fund was the right thing to do for our clients, given the headwinds that macro funds have faced,” a BlackRock spokeswoman told Business Insider.


Related Article: Global Trade Is Collapsing As the Worldwide Economic Recession Deepens

The winding down of the Ascent fund is the second high-profile hedge fund closing in 24 hours. The Wall Street Journal reported Tuesday that Achievement Asset Management, a Chicago-based hedge fund, was closing.

And those are just two examples.  Quite a few other prominent hedge funds have shut down recently, and many are wondering if this is just the beginning of a major “bloodbath” on Wall Street.

Another troubling sign is the implosion of so many energy companies.  Just like in 2008, a major crash in the price of oil is hitting the energy sector really hard.  Just check out these stock price declines…

1) Cabot Oil & Gas down 37.27 percent over the past 12 months

2) Southwestern Energy down 68.11 percent over the past 12 months

3) Chesapeake Energy down 73.98 percent over the past 12 months

A number of smaller energy companies have already gone out of business, and several of the big players are teetering on the brink.  If the price of oil does not rebound significantly very soon, it is just a matter of time before the dominoes begin to fall.

Related Article: 2015 Economic Outlook: What You Really Need to Know

We are also seeing tremendous turmoil in the retail industry.  The following comes from Investment Research Dynamics

READ THE REST OF THIS ARTICLE…

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16 Reader Comments

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  1. 144099595947164@facebook.com' Daniel Cox says:

    Definitely.

  2. 394780194061057@facebook.com' Tom Stowe says:

    Card Houses

  3. 10205279842977090@facebook.com' Tom Gerencir says:

    Well Duhhhh we Have Obumer to thank for that.

  4. 10153769617729283@facebook.com' Lionel Anglade says:

    good for investment! !

  5. 144099595947164@facebook.com' Daniel Cox says:

    No. Federal Reserve created this. They’re the ones who inflated this bubble.

  6. 10206979227233228@facebook.com' Sherry Hieronymus Raeder says:

    no

  7. 10201395573288891@facebook.com' Lavinder Khurana says:

    Yes its true

  8. 10206425253462520@facebook.com' Steve Elder says:

    Buy long term (freeze dried) food….Buy really nice portable water filters (good ones)….Buy guns and ammo….go to youtube and get some really good ideas on how to protect you and your family. You’re going to need it. Oh yea, buy silver, you’ll be able to use any cash you have for toilet paper.

  9. 10203418394620226@facebook.com' Russ Ridlington says:

    Yes but it will be kept out of the citizens mind by the media

  10. 1018475678204742@facebook.com' Neil Walker says:

    The question isn’t if, it’s when.

  11. 898515943601731@facebook.com' Sabreena Juanillo says:

    Bankers….

  12. 165115257174669@facebook.com' William Printy says:

    MaKenzie Lea Welling

  13. 10206045713960306@facebook.com' Thomas Chenhall says:

    It’s called the 8 year presidential term.

    On the way out, the previous president sets up a war and an economic collapse as a gift, for the next president to solve.

    Isn’t that barbaric?

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