Факты, которые подконтрольные ЦРУ СМ»И» в России скрывают...
Dictatorship USA – Run By A Plundering and Murderous Ruling Class — 2019 (571)
As Wall Street Celebrates Soaring Stocks, Companies Are Shutting Down All Over America
The Economic Collapse blog July 16. 2019
On Monday, the Dow Jones Industrial Average pushed through to yet another new all-time record high. Investors have been absolutely thrilled by the extremely impressive bull run that we have witnessed so far in 2019, but there is no way that this is sustainable.
Wall Street may be celebrating for the moment, but meanwhile all of the hard economic numbers are telling us that we have now entered a new economic slowdown. Just like in 2008, it appears to be inevitable that the party on Wall Street is about to hit a brick wall, but nobody should be surprised when it happens. Everywhere around us there are signs of economic trouble, and right now companies are literally shutting down all over America.
For example, just take a look at what is happening to the trucking industry. A trucking “bloodbath” is unfolding, and over the past week it has greatly accelerated.
On the 12th of July, we learned that trucking giant LME had abruptly shut down. The company is a regional carrier based in Minnesota that operated throughout the Midwest. The company had terminals in 30 locations across the U.S. and through interline agreements services all of North America. It also worked with major companies like 3M, John Deere and Toro. The company reportedly included “over 600 men and women” and has been listed as having 382 power units and 1,228 trailers, with 424 truck drivers.
Then today we learned that Timmerman Starlite Trucking suddenly shut down without any notice… 40 year old California trucking outlet Timmerman Starlite Trucking, Inc. is the latest victim in the “trucking apocalypse” and announced that it would be shutting down effective immediately.
30 employees are expected to lose their jobs as a result. The company is based in a mid sized city about 100 miles east of San Francisco and had a fleet of 30 trucks, 150 trailers and 28 drivers. The company’s owner cited “a tough freight market and environmental regulations” as reasons for the shut down.
Of course those two trucking companies are definitely not the only victims of this “bloodbath”. ALA Trucking, Williams Trucking, Falcon Transport and New England Motor Freight have also completely ceased operations in 2019.
Meanwhile, major retailers continue to fall like dominoes. Fashion accessory retailer Charming Charlie will close all its stores after going bankrupt for the second time in less than two years. More than 3,000 full- and part-time employees could lose their jobs.
In addition, we just learned that Fred’s will be shuttering another 129 stores as it desperately attempts to stay alive… The chain will shutter 129 stores, leaving it with about 80 locations. Going-out-of business sales have already begun.
Not too long ago, I went to a going out of business sale at a local store that was closing down, and it was definitely depressing. At one time the shelves had been packed full of products, but by the time I got there people were clawing through the small handfuls of deeply discounted merchandise that still remained.
Sadly, such scenes are being repeated over and over again all around the country. In fact, things are already so bad that even Manhattan retailing legend Barneys is likely headed for bankruptcy…
The all-time record for store closings in a single year was set in 2017 when 8,139 stores shut down. The number of store closings in the U.S. could hit 12,000 by the end of this year…
In store is a future in which America’s communities will be littered by boarded up stores that had been abandoned by major retailers. It is happening right in front of our eyes.
Everything that is taking place in the “real economy” makes perfect sense, and unfortunately our economic problems are likely to accelerate significantly in the months ahead. What doesn’t make sense is what we are witnessing on Wall Street.
There is no way that stock prices should be rising like this, but financial bubbles don’t typically follow rational patterns. Instead, they usually just keep going until something comes along to end them.
And considering everything that is going on in the world right now, that “something” could definitely arrive sooner rather than later.
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