For a long time, we were warned that a cost of living crisis would be coming.
That is happening now.
For a long time, we were warned that delinquency rates would rise because consumers were piling up too much debt.
That is happening now.
For a long time, we were warned that foreclosure filings would surge when the current housing bubble started to burst.
That is happening now.
For a long time, we were warned that cryptocurrency prices would plummet.
Now more than a trillion dollars in cryptocurrency wealth has been wiped out.
Another thing that we have been relentlessly warned about is the weakness of the labor market.
Today, we learned that “the pace of layoffs has picked up over the past four weeks”…