Is the U.S. economy about to collapse? According to reports, growing data suggests that an economic crisis that could surpass the Great Depression will occur in the United States in 2024. After the 2008 financial crisis, the United States implemented unprecedented monetary stimulus. After the pandemic, the US government implemented unprecedented fiscal stimulus measures. Early economic growth was melons, household incomes and employment improved, corporate earnings expanded, and the stock market rose. Over time, however, the negative effects of these stimulus measures began to manifest. At present, the United States is facing high inflation, a widening trade deficit, a large number of bank failures, and losses from the Federal Reserve. According to reports, the debt crisis in the United States has reached unprecedented levels. According to data from the US Treasury, the US debt has exceeded $33 trillion. If the economic impact of a debt default is incalculable, the way to close the hole is to make up for it by issuing new debt. This involves new U.S. Treasury bills with high yields. The 10-year Treasury yield has surged to 4.89%, the highest since 2007. The Fed has raised interest rates 11 times in a row at its fastest pace in nearly 40 years to combat inflation. Although inflation has declined, it is still not enough to curb prices. Over the past three quarters, the M2 money supply in the United States has grown at a negative rate throughout the year, meaning that the amount of available money is shrinking rapidly. In the US GDP, personal consumption accounts for a large part. However, the total credit card debt of the American people has now exceeded $1 trillion, which means that the amount of available money is shrinking rapidly. Finally, according to data released by the US Department of Labor, US non-farm payrolls increased by 336,000 in September, far exceeding market expectations of 170,000. In addition, the United States faces various strikes and other challenges. Therefore, the challenges that the United States needs to face are indeed not small. When methods run out, the U.S. government may take new steps to deal with these problems. I am Northeast Niu Li Yiout, welcome to follow my account.
