>10 signs of financial recession coming again?

>10 signs that the financial recession is coming again? Many Americans doubt that the financial tsunami has never subsided. Economists judge from ten signs that a second recession has begun...

10 signs that another financial recession is coming? Many Americans doubt that the financial tsunami has never subsided. Economists judge from ten signs that a second recession has begun. Although not as severe as the previous wave, it may last for several quarters. 1. Inflation Nothing erodes consumer confidence more easily than soaring prices. Starbucks only recently raised its coffee prices by 17%; cotton prices rose by nearly half last year, resulting in a 20% increase in summer clothing prices. Sugar, meat and corn-based foods were not spared. 2. Investment returns: The Dow Jones Index has risen from the trough more than two years ago to 12,000 points, and many stocks have almost doubled from the trough. However, the stock market plummeted last quarter, gold prices showed signs of weakness, and various investment incomes declined. 3. Automobile industry The annual revenue growth rate of the reborn automobile industry in the United States was rising until April. However, revenue in May began to stagnate due to high oil prices and the impact of solar earthquakes on production capacity. If the economy declines again, the hiring demand that has finally recovered may be stalled again. 4. Oil prices: Oil prices continue to climb to US$100 per barrel, which has taken up most of people's budgets and has also severely damaged industries such as retail and aviation. 5. Federal budget The federal budget deficit remains high, killing the space for another stimulus package. With calls for spending cuts rising, it is no surprise that unions and state governments are at loggerheads over employment and welfare issues. 6. China's economy There are two consequences of the cooling of China's economy: China's demand for energy and goods has slowed down; the middle class has shrunk, and demand for goods and services has dropped. The total amount of U.S. exports to China has surged by 468% in the past ten years. Companies that rely on China to drive growth must not be happy to see China's economy cool down. 7. Unemployment Unemployment causes two immediate problems: unemployed people do not spend money, which affects growth; unemployment benefits increase and fiscal deterioration occurs. Seeing housing prices plummeting and medical benefits being cut, people over the age of 65 prefer to continue working, depriving young people of employment opportunities. The generation in their twenties has no choice but to accept lower wages. The prime consumption age has been extended to their thirties, and recovery has been delayed by ten years. 8. Debt ceiling. Deficit reduction is accompanied by tax increases, and the simplification of welfare services further increases this demand. Tax increases often drag down growth, and the economy may experience zero growth for several years. Corporate profits decline, and demand for purchases and hiring is hindered. Personal consumption decreases, and mortgage and credit card debt repayment rates are high. 9. Financing needs The financing crunch has seriously hurt the economic activities of individuals and small businesses. Financial institutions are reluctant to lend to small businesses, and consumers are finding that interest rates on credit card debt are higher than 20 percent. Potential home buyers now have to pay as much as 20% of the down payment, which greatly inhibits their willingness to buy a home. 10. Housing market The housing market has continued to deteriorate over the past two months. The collapse in prices has left homebuyers unable to pay their mortgages, severely damaged the balance sheets of millions of people, and hit consumption and recovery. As potential investors are concerned that housing prices may continue to fall, the short-term outlook is still not optimistic.