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Economy See other Economy Articles Title: A “Prolonged Freeze” Has Descended Upon The U.S. Economy
Source:
LRC
URL Source: https://www.lewrockwell.com/2023/08 ... escended-upon-the-u-s-economy/
Published: Aug 30, 2023
Author: Michael Snyder
Post Date: 2023-08-30 22:56:27 by Charles_Byrd
Keywords: None Views: 84
The latest numbers are horrible, and they are going to get even worse if the Federal Reserve pushes interest rates even higher. We were warned that high rates would have an enormous negative impact on the economy, and that is precisely what has happened. Layoffs are way up so far this year, the commercial real estate market is absolutely imploding, and we are witnessing things happen in the housing market that havent happened in more than a decade. For example, last week it was revealed that sales of existing homes have fallen to a level that we have not seen since 2010
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