Bull Boom – Bear Bust: It’s about Go Down, Economic Carnage about to Begin

The American consumer, long the engine of the U.S. economy, is facing unprecedented pressures that threaten to unravel the seemingly endless prosperity of recent years. A growing chorus of voices is challenging the assumption that markets and housing prices will continue their upward trajectory indefinitely, pointing to a constellation of factors suggesting a painful, but necessary, correction is on the horizon. The narrative of ever-increasing prosperity, fueled by readily available credit and seemingly limitless consumer spending, is starting to crumble. Experts warn that bubbles in housing, the cost of living, and consumer goods have inflated far beyond sustainable levels. The…