For a long time, a lot of people wanted to deny what was happening to us. But now we have reached a point when you can no longer do that and retain your credibility. Job openings have been plummeting, and layoffs have been spiking. Manufacturing activity is way down, and delinquency rates are way up. In fact, the credit card delinquency rate just hit the highest level that we have seen since 2011. Just about everything has gotten significantly more expensive, and America’s food banks are being overwhelmed by vast numbers of hungry people. Nobody can deny any of these things, and now U.S. Treasury Secretary Scott Bessent is publicly admitting that “there are sectors of the economy that are in recession”…

The post The Terrible Truth About The U.S. Economy Can No Longer Be Denied was first published by Michael Snyder on The Economic Collapse Blog and is republished here with his permission. Please support his efforts.