America is Entering a Horrific Financial Crisis |
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Even as the stock market rallies, the US economy is slowing down. Credit card delinquencies are rising, auto loan delinquencies are rising, US GDP is slowing down, the unemployment rate is rising, and all signs are pointing to a recession in 2024. A 2024 recession could cause a 2024 stock market collapse. And it wouldn't just be the stock market in trouble. The commercial real estate crisis has caused recession fears to skyrocket as the banking collapse gets worse. The commercial real estate crisis is twice as big as the housing crisis was in 2008, and this means a 2024 recession could be twice as big as the Great Financial Crisis. An economic collapse in 2024 leading to a stock market crash in 2024 is looking more and more likely with each new piece of economy news we get. The latest stock market news shows a 2024 collapse, perhaps caused by a bank run in 2024 or a banking crash, could cause a financial collapse in 2024 and a stock market collapse in 2024. The upcoming market crash will be bad news for stocks.
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