– #1 U.S. consumer sentiment just continues to move in the wrong direction. In fact, U.S. consumer sentiment just fell to the second lowest reading ever…– #2 For years, U.S. consumers have been foolishly piling up enormous mountains of debt. Now the average U.S. credit score is falling at the fastest pace that we have seen since the Great Recession…– #3 The employment market has really tightened up all over the nation. If you are looking for a temporary job this holiday season, it is being projected that holiday hiring with be at the lowest level that we have seen since the Great Recession…– #4 As hiring has gotten tighter, layoffs are way up. In fact, we just witnessed the most layoffs in a single month during the fourth quarter since 2008…– #5 The American people are not stupid. They can see what is going on, and they are now the most pessimistic about finding a job that they have been “since at least 2013”…– #6 Total household debt just hit another brand new record high. Not even during the Great Recession were we facing a crisis of this magnitude…– #7 I have been warning that Americans have been getting behind on their debts. Now the percentage of outstanding balances that are seriously delinquent has risen to the highest level in more than a decade…– #8 The cost of living crisis never seems to end. Aluminum prices are now increasing at an exponential rate, and that isn’t going to help matters at all…– #9 Have you noticed that restaurant chains are closing vast numbers of locations all over the nation? Wendy’s is the latest major chain to announce mass closures…– #10 Manufacturing numbers often tell us where the economy is heading next. So the fact that U.S. manufacturing has fallen for eight months in a row is certainly not a good sign…– #11 The tech industry has been one of the very few bright spots for the U.S. economy in 2025. But even our largest tech companies have been conducting absolutely brutal layoffs…
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