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Biden’s Economic Woes Escalate: Alarming Trends Unveil Troubling Times, Cautioned by Charles Payne


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Are Americans Prepared for the Economic Storm Ahead?

In a recent interview on “Hannity,” FOX Business Network host Charles Payne expressed his concerns about the state of the United States economy. According to Payne, the economic indicators are becoming increasingly alarming, and he fears that $4-per-gallon gasoline could soon seem like a bargain. In his words, “Americans just aren’t prepared” for what lies ahead.

The Frightening Economic Trends

Payne emphasized that the trends in economic data are nothing short of frightening. He pointed out that even the smallest banks are experiencing delinquency rates of 7.5%, which is a cause for concern. On the other hand, larger banks are also showing signs of trouble. Defaults on credit card payments are skyrocketing, leading to a surge in credit card interest rates, which have now surpassed 22%. All these indicators point to one thing: extreme pain is on the horizon.

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Unprepared for the Storm

According to Payne, the impending economic storm will hit Americans like a rocket ship. The gradual decline in economic stability will suddenly escalate, catching many off guard. He warns that the days of free and steady money are over, and inflation continues to be a pressing issue. To make matters worse, gasoline inventories are at a five-year low, with the Strategic Petroleum Reserve at its lowest levels since 1983.

The Rising Cost of Living

Payne predicts that the price of gasoline could reach $4 per gallon in the next few months, and this may even seem cheap compared to what lies ahead. The trajectory of the economy, as indicated by various factors, suggests that the cost of living will continue to rise exponentially. Unfortunately, many Americans are ill-prepared for this reality and are still grappling with the effects of inflation.

Preparing for the Future

As the economic storm approaches, it is crucial for individuals to take proactive measures to protect themselves. Batten down the hatches, as Payne suggests, and prepare for the challenging times ahead. It is essential to be mindful of spending, save wherever possible, and explore alternative ways to weather the storm.

While the economic indicators may be alarming, it is not all doom and gloom. By staying informed, adapting to the changing circumstances, and making smart financial decisions, individuals can navigate through these challenging times and come out stronger on the other side.

Is the US Economy Headed for a Recession?

The U.S. economy has a better chance than not of tumbling into a recession within the next year as inflation remains uncomfortably high, according to Deutsche Bank strategists.

A Gloomy Outlook

In an analyst note released on Wednesday, the strategists warned that a recession remains the more likely outcome than a “soft landing” as a result of the Federal Reserve’s aggressive interest rate hike campaign.

Inflation Concerns

One of the key factors contributing to the potential recession is the persistently high inflation rate. Inflation has been a major concern for policymakers and economists alike, as it erodes the purchasing power of consumers and can lead to economic instability.

The Federal Reserve’s Role

The Federal Reserve has been attempting to combat inflation by raising interest rates. However, Deutsche Bank strategists believe that the Fed’s aggressive approach may have unintended consequences, such as triggering a recession.

Uncertain Future

While the U.S. economy has shown resilience in the face of various challenges, including the COVID-19 pandemic, there are still concerns about its long-term stability. The potential for a recession adds to the uncertainty surrounding the future of the economy.

Impact on Businesses and Individuals

If a recession were to occur, it would have far-reaching effects on businesses and individuals. Companies may struggle to stay afloat, leading to layoffs and reduced consumer spending. Individuals may face job losses, financial hardships, and difficulty in meeting their basic needs.

Preparing for the Worst

Given the possibility of a recession, it is important for individuals and businesses to prepare for potential economic downturns. This may involve creating emergency funds, diversifying investments, and developing contingency plans.

Inflation Peaks Above Target: Fed Urged to Tighten

According to a recent report, inflation has surged significantly above its target, prompting experts to advise the Federal Reserve to err on the side of tightening monetary policy. The report suggests that it is better to tighten too much rather than too little, as a U.S. recession remains a likely possibility.

The Need for a Soft Landing

While achieving a soft landing is still possible, the Federal Reserve must take action to bring inflation down to its 2% target. Deutsche Bank recommends “depressing demand below potential” as a means to achieve this goal.

Ensuring Economic Stability

As inflation continues to rise, it is crucial for the Federal Reserve to implement measures that will maintain economic stability. By tightening monetary policy, the Fed can effectively control inflation and prevent it from spiraling out of control.

The Importance of Targeting 2% Inflation

The 2% inflation target set by the Federal Reserve is a crucial benchmark for maintaining a healthy economy. By keeping inflation at this level, the Fed can strike a balance between encouraging economic growth and preventing excessive price increases.

Expert Recommendations

Experts suggest that the Federal Reserve should prioritize tightening monetary policy to combat rising inflation. By taking decisive action now, the Fed can prevent the economy from overheating and potentially avoid a recession in the future.

The Potential Risks

While tightening monetary policy may help control inflation, there are potential risks involved. It is important for the Federal Reserve to carefully monitor the impact of these measures on the overall economy and make adjustments as necessary.


In summary, the recent surge in inflation has prompted experts to urge the Federal Reserve to tighten monetary policy. By taking proactive measures to control inflation, the Fed can ensure economic stability and mitigate the risk of a recession. It is crucial for the Fed to strike a balance between tightening enough to control inflation and avoiding excessive tightening that could harm economic growth.

While the U.S. economy currently faces the risk of a recession, it is important to remember that economic forecasts are not always accurate. The future of the economy depends on various factors, including government policies, global events, and consumer behavior. Only time will tell whether the U.S. can avoid a recession and maintain its economic stability.


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Tomas Hulman
Tomas Hulman
Tomas was born in Slovakia and went from being an untradeable computer scientist to first a fuel trader and later an algo trader who created strategies for automated stock trading. Now he is working with two eco-oriented projects and grinding his teeth for a big project in the media industry. You'll be hearing more from him...


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