This is Going to Be the Worst Winter for the U.S. Economy in Modern Times

by Michael Snyder
The Economic Collapse Blog

We already knew that this was going to be the worst winter for the U.S. economy since the Great Depression of the 1930s, but now a new round of lockdowns threatens to rip the guts out of hundreds of thousands of small businesses all around the country. As I write this article, 33 million people are under “stay-at-home orders” in California alone. With each passing day, state governments are implementing even more new restrictions, and those new restrictions are going to increasingly choke the life out of economic activity in this nation.

The good news is that most of the corporate giants have enough resources to weather another round of lockdowns, but countless small businesses do not.

In San Francisco, some small businesses that have served the city for generations now find themselves on the edge of extinction…

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