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World markets fall after the US economy suffered its worst day of the year on June 1 with all signs pointing to more declines over the summer.
“We've been through a couple-week period here where basically every piece of economic data has just been awful,” John Canally of LPL Financial in Boston told the Daily Mail.
“Interest rates are amazingly low,” he told CNBC. “We’re on the verge of a great, great depression. The [Federal Reserve] knows it.”
Originally posted by alomaha
Maybe I sound melodramatic but I don't see any easy way out of this. The system is completely broken and it cannot be fixed...
rt.com
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Originally posted by Illusionsaregrander
On the verge of? Where have we been for the last couple years?
I know they dont show it on TV, (that might upset people with money to spend) but people ARE homeless, and going hungry, and living in cars. People cant find work, and feed their families, and keep their homes, and pay their bills.
On the verge of is a weird way to phrase it. Very media inspired. We are in it. And have been. We are in worse trouble now, because the whole US system is on the verge of collapsing thanks to globalism.