This Is Definitely Going To Be “Not a Normal September” For the Rapidly Imploding U.S. Economy
The “good times” were supposed to be rolling by now, but instead the wheels are starting to come off, and the economic outlook for the rest of the year is not good at all. Just yesterday, I warned my readers that things were about to get worse, and it only took exactly a single day for that to actually happen.
As you will see below, major factory shutdowns were just announced, and that is going to make shortages even worse. Fear of COVID is restricting production all over the globe, and meanwhile national governments and central banks have been absolutely flooding their systems with fresh cash. As a result, we now have way too much money chasing way too few goods and services, and anyone that has taken ECON 101 will tell you that will inevitably result in higher prices and shortages.
As I discussed yesterday, if there is something that you need to buy, run out and get it now because the shortages are only going to get worse in the coming months.
On Thursday, General Motors shocked the entire nation when it announced that it is going to be closing down almost all of its manufacturing facilities due to our ongoing shortage of computer chips…
General Motors will idle nearly all its assembl
Article from LewRockwell