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    Wall Street’s biggest nightmare is coming true and it’s much worse than a recession

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    Hellish nightmares are becoming reality under Democrat Joe Biden, and Wall Street’s big wigs are in a panic, not only the working class and middle class who miss their quiet evenings under President Donald J. Trump. We are all now terrified by what the lunatic left has done to our shared prosperity.

    The working class becomes concerned when they notice a scarcity of jobs.

    “Amid declining sales, Gap announced Tuesday that it’s cutting about 500 corporate jobs at its offices in San Francisco, New York, and Asia. It’s one of many companies, including Peloton, HBO Max, and Wayfair, to lay off employees in recent months,” according to Marketplace.

    According to Betsey Stevenson, an economist at the University of Michigan, there is a natural explanation for why layoffs catch our attention.

    “The stories always resonate with us because it’s scary,” she stated. “It’s scary to be laid off. It’s scary to lose your job.”

    People’s situation has gotten worse as a result of news of a potential recession. It is also useful to consider job losses.

    “That can be one of the ways in which we get access to this data fastest,”  according to Stevenson.

    Most average people worry about finding lucrative professions, making ends meet, and maintaining a comfortable standard of living for themselves and their family.

    That and maintaining the industries to which they have financial ties are concerns for investors, right? And recent news indicates that that is also degenerating into hell.

    Analysts believe that a complete collapse of the US economy is imminent and may be something that the majority of Americans have never seen because of how awful things are getting. Joe Biden’s preoccupation with the most extreme Marxist economic theories, combined with the Democrats’ and RINOS’s irrational spending and policies, which everyone can see endangers the entire country, seem to be reaching a boiling point.

    But figuring out what is about to happen is not merely a hunch, a gut instinct, or a “conspiracy theory.” Finally stating the truth about the situation, experts claim that we are living a nightmare.

    “Talk of a recession, rough inflation data, and the persistent increase in costs of certain staple goods has got Wall Street’s biggest investors living in fear of an economic nightmare,” according to Aaron Wineman.

    Wineman continued, as reported by Business Insider:

    “The Bureau of Labor Statistics released a bevy of data last week, and it was a mixed bag. While gas prices fell, grocery costs were up by 13.5% in the past year — the largest increase since 1979 — and health insurance costs jumped 24.3%, the largest in US history.”

    The data leaves investors uncertain over whether the US Federal Reserve can avoid a hard landing or navigate a soft landing, and the plan to shake higher prices out of the system is proving difficult,” Wineman wrote for the outlet with a list that is guaranteed to upset the investment community.

    The nightmare goes beyond only the economy entering a recession. Even worse than that, actually.

    Discouraging BLS data could cause the economy to stagnate. Although inflation may be gradually declining, it is still strong enough to keep prices for essentials like food and toiletries persistently high.

    Making matters worse, rising interest rates will result in greater credit card and mortgage repayment costs. While wages stay flat and businesses tighten their own budgets to limit expansion, all of this is happening.

    In essence, the economy is in a rut.

    Wineman isn’t by himself. More information from Newsweek that supports our right to be extremely concerned about what is happening is as follows:

    The U.S. economy is on the verge of collapse, said a Wall Street veteran in an interview published by MarketWatch on Wednesday.

    More on this story via The Republic Brief:

    Financial veteran and crypto investor Michael Novogratz, interviewed by MarketWatch before the Federal Reserve decided to increase interest rates, said the country is heading into the likelihood of a “really fast recession.”

    Novogratz is the founder and CEO of investment management firm Galaxy Digital and is a veteran of Wall Street who has worked, among many places, at Goldman Sachs for 11 years. CONTINUE READING…

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