Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

HARD TIMES AHEAD - Key indicators point to steep economic decline – U.S. Depression

% of readers think this story is Fact. Add your two cents.

On March 25th, the DJIA fell 292 points while NASDAQ lost 118. There are many contributing factors that are beginning to rear their ugly heads. As of this very second, the US National Debt is $18,162,628,189,175. The official unemployed is 8,620,539. Today, CNBC noted, “Interestingly, as the stock market sold off, it was met with a selloff in bonds, somewhat odd in that the two markets don’t often move in tandem.

Cheap oil is also beginning to take its toll on the economy. The fracking industry is taking a huge hit. Announced today, Halliburton will suspend operations in Minot starting April 1st, 2015 and close the facility, a spokeswoman confirmed Tuesday. In response to low oil prices, Halliburton said in February it would cut between 5,200 to 6,400 jobs worldwide. Halliburton has declined to comment on how many jobs have been eliminated in North Dakota. A few weeks ago, Schlumberg (SLB) laid off 9,000 people.

The Office of Financial Research, the agency tasked with promoting financial stability and keeping an eye on markets, released a paper last week stating that the stock market is dangerously overpriced, and that excessive leverage will exacerbate the next market correction.

For years, you’ve heard the dire predictions of a coming great depression. If today is an indication of things to come, I would have to conclude that that day has finally arrived. There is no good news. Here come the hard times.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.