by Michael Snyder
The Economic Collapse Blog
The last couple of years have not been pleasant, and so nobody wants to hear that more trouble is ahead for the U.S. economy. Unfortunately, that is precisely what the mainstream media is telling us right now. A year ago, so many of the talking heads on television were assuring us that a new golden era of prosperity was right around the corner, but of course that wasn’t true at all. The dismal performance of the economy has been mirrored by Joe Biden’s rapidly declining approval numbers, and at this point there is a tremendous amount of pessimism about the remainder of 2022.
But is that pessimism warranted?
CNN just interviewed the CEO of Maersk about the horrific supply chain crisis that is gumming up the entire global economy, and the news wasn’t good.